Half a million existing Equitable Life with-profit policy holders will see reduced returns for the y...
Half a million existing Equitable Life with-profit policy holders will see reduced returns for the year 2000-01 as a result of last week's House of Lords ruling. The families of approximately 20,000 customers who have died since taking out the guaranteed annuity policies will not benefit as a result of the decision. Equitable has stated its remaining 150,000 customers, who are not with-profit policy holders and whose policies include conventional annuities and unit linked funds, will see no impact on their policies. Tom McPhail, pensions development manager at intermediaries Torquil Clark...
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