A firm of UK pension consultants have warned that the £4bn of unit linked policy holder money may still be under threat if Equitable becomes insolvent.
The £4bn belongs to around 200,000 policy holders and was thought to be safe, after the unit linked side was purchased by Halifax last year.
Whilst Halifax's statement in January said that the security of unit linked policy holder funds was safe, the pension consultants are not so sure, having tried to get a definite guarantee from Halifax. They believe that there is still an element of doubt over whether or not this £4bn would be protected if Equitable became insolvent.