High Court green lights Equitable Life transfer

The court's approval on Friday was the final legal step in the process, with the transfer planned to complete on 31 December this year. Equitable Life says the transfer will not only benefit those annuitants being transferred to Prudential, but also those remaining at Equitable Life with other policies. In October, in a letter to policyholders encouraging them to vote in favour of the transfer, the firm said: “We unanimously recommend that you vote for the resolution because the Prudential will put your with-profits annuity policy(ies) into an actively managed fund which is one of the l...