It's D-Day for Equitable Life today as the final vote to decide whether or not policyholders will ac...
It's D-Day for Equitable Life today as the final vote to decide whether or not policyholders will accept the compromise scheme offered to with-profits members is being in Wembley this afternoon.
Members have been asked to vote either yes or no to the compromise, however, Equitable must gain 75% of the "yes" vote in value in the GAR class and both non-GAR classes if they are to succeed.
Early predictions from large block voting of pension trustees suggest Equitable will be successful, however, the life office is still expected to face legal proceedings from former overseas policyholders and British expatriates at a potential cost of £50m.
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