For weary Equitable Life policyholders life continues to go from bad to worse with the realisation t...
For weary Equitable Life policyholders life continues to go from bad to worse with the realisation that they have even less time to register to ensure they avoid the 16% penalty on future with profits returns.
The revelation by IFA firm Torquil Clark means that investors have just 14 days to respond to from the date they received transfer date applications packs and NOT two weeks from the Equitable announcement on 16 July.
It is not yet clear how many Equitable policyholders have opted to transfer their funds after the life group announced earlier this month that it was to cut returns on life assurance and pension products by 14% and 16% to 5% and 6% respectively from July 2001.
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