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Article: Time to get Equitable Life out the long grass.
- Article from:
- Financial Advisor
- Article date:
- July 16, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeff Prestridge
Equitable Life policyholders have been waiting more than eight years now for a just resolution to their affairs, but despite a powerful report by the Ombudsman urging the setting up of a compensation fund, the government is still dragging its feet
When is this government going to play fair by Equitable Life policyholders? It is now eight and a half years since Equitable Life - 'it is an Equitable Life, Henry' - was forced to put up the shutters amid fears that it was on the verge of a financial meltdown.
For a while it seemed as if Equitable Life would be forced to go into administration as a result of the gross ...