The following article is interesting reading for anyone with a pension scheme with Equitable Life. http://www.bbc.co.uk/news/business-23454041 If you think you might be one of the eligible people for compensation you need to act within the next few months as the Government has placed a time limit to receive compensation applications. I do hope the fear that tens of thousands of people who have already been punished for saving with the Equitable Life do not lose out again.
The Equitable Life case does demonstrate the benefit of regular pension reviews and ensuring that the pension provider is stable.
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