Equitable Life transfer vote worries action group

That is according to a source at the Equitable Life Trapped Annuitants (ELTA) action group, who has seen documents the firm is sending out to policyholders today. The documents include ‘Key Features’ of the transfer, FAQs and a Policyholder Circular, all fronted with a letter encouraging policyholders to vote at the firm’s Extraordinary General Meeting (EGM) on 26 October. The letter states: 'Your Board unanimously recommends that you vote FOR the resolution.' But a spokesman for the ELTA, set up to represent the with-profit annuitants at Equitable Life, says there is little the firm ca...