More clients considering leaving Equitable - Papers 24 July

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The front page of the FT today includes a report that financial advisors said yesterday t...

The front page of the FT today includes a report that financial advisors said yesterday there had been a rise in the number of clients considering withdrawing their funds from Equitable Life. Stuart Bayliss, a director of London based financial advisor Annuity Direct, told the FT he had received more than 1000 calls from Equitable policyholders in the last week, with more than two thirds considering leaving. The FT notes that banks have bowed to pressure to make it easier for customers to move their current accounts in search of the best deal, a report will conclude today. Exec...

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