Troubled Insurer Equitable Life is rarely out of the news. In the last few weeks there have been claims by the policyholder action group that the financial solvency of the company could be worse than expected. They said that they believe that the gap between the company's assets and liabilities could be £700m more than reported meaning that the company's defecit could be up to £3.3bn.
More news has followed that the industry watchdog, the Financial Services Authority, is not being blamed for the debacle by not monitoring properly Equitable's position by the Parliamentary review committee.
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Equitable Life's position, and policyholders who remain invested, is still volatile and risky. Take advice. Visit our Help Zone to find out all the different ways we can offer advice.
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