THE GUARDIAN this morning reports the test case ruling in favour of an Equitable Life policyholder who was badly advised by the company will open the door to payouts likely to run into millions.
The paper says the Financial Ombudsman Service yesterday issued a final ruling on the case of Ms E, one of thousands of "late joiner" policyholders who signed up with the company shortly before its near-collapse. Walter Merricks, the chief ombudsman, ordered the company to compensate her via a payment into her pension fund. His decision is expected to trigger payouts to up to 1,500 policyholders. THE ABILITY OF USERS of internet bulletin boards to remain anonymous was placed in serious doubt yesterday according to the Guardian after Terry Smith, chief executive of City firm Collins Ste...
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