by Ashley Clark, Director
Equitable Life sufferers could receive a share from as little as £400m according to Treasury secretary Mark Hoban.
The compensation fund has been set up to try and comepensate pension victims who suffered with the collapse of Equitable Life on the back of guaranteed annuities.
In our view, compensation will never be enough for the mis-management by the Equitable board amd regulators who were quite literally playing with peoples lives and livelihood.
This regulator, the FSA, has consistently failed in its duty to regulated big institutions who do so much damage. They spend half their time hounding small financial advisers out of business and ignore the big villains.
The FSA currently cannot be held accountable for its mistakes. Join our campaign to make the FSA accountable.
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