Equitable Life will have to pay compensation to "late joiners" who signed up to buy investment and p...
Equitable Life will have to pay compensation to "late joiners" who signed up to buy investment and pensions between September 1998 and July 2000 as they were "misrepresented" about the financial risks of GAR-related claims, say findings published this morning on the Financial Ombudsman Service website. Adjudications were issued on five "lead cases" concerning "GAR-related claims" this morning which categorically state Equitable Life is liable to pay compensation to certain classes of "late joiners" policyholders who pulled their investments out of the company BEFORE the Compromise Sche...
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