Equitable Life comments - papers 26 November

THE TIMES today notes that Equitable Life's finance director Charles Bellringer will get a £175,000 sticky plaster for leaving the company just two weeks after 50,000 members saw their income cut by up to 30%. The payments is due to "contractual obligations", ie that Bellringer has six months left on his contract, but it is no surprise that politicians have already called the move a "disgrace" and that a motion has been tabled to discuss the issue in Parliament tomorrow. THE DAILY Telegraph adds another word: "obscene", as used by Equitable policyholders to describe the pay-of...