The vote on Equitable Life's compromise scheme is likely to be in the bag despite the exact breakdown...
The view comes from Clarke Willmott & Clarke partner Robert Morfee, who today added to his comments yesterday that late joiners to Equitable Life, particularly those that were sold policies after the House of Lords decision, should seriously consider pushing for compensation through the courts rather than accepting the deal on the table.
"It is likely that anybody still in Equitable is unlikely to vote no," he says.
Morfee says his feeling is that people considering leaving Equitable would likely have already done so by now.
This raises the issue of how much money has been moved out of Equitable, which the firm so far has not revealed, Morfee adds.
The FT this morning quoted the NAPF as saying it was unaware of any of the 6,000 group pension schemes with Equitable voting against the compromise.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till