Equitable Life

The Equitable Life fiasco reiterates the importance of impartial advice after customers following sales staff's recommendations are still not guaranteed their money back.

The Government will only compensate Equitable Life policyholders who were 'disproportionately affected' by the maladministation of the scheme but victims may not see their money for well over two and a half years.

An announcement on measures to compensate victims of the Equitable Life scandal will be made this week, the Treasury has confirmed.

The Government should apologise for its handling of Equitable Life and pay compensation, demands a House of Commons Select Committee including MPs from all the major political parties.

A cross-party group of MPs have called on the Chancellor to end the Equitable Life Saga by apologising to policyholders.

Ministers were facing demands last night to pay up to £4.5bn in compensation to investors who lost money in the Equitable Life scandal after a damning verdict from the parliamentary ombudsman, The Guardian reports.

Prudential, Legal & General and Swiss Re are among a pack of insurance giants circling Equitable Life, Britain's oldest mutual insurer, The Telegraph reports.

Equitable Life is to call on the Government to pay damages as quickly as possible to policyholders who lost out following the near collapse of the UK's oldest mutual insurer, The Telegraph reports.

Equitable Life, the UK's oldest mutual life assurer which collapsed in 2000, says the next 12 months is the right time to address its future including a possible buy-out.

More than 400 with-profits annuitants have reached a "settlement" in their case against Equitable Life just over two weeks before it was due in the High Court.