Equitable Life Payment Scheme contacting Irish policyholders

[RetirementPlan]

Just a historical note, taken from @ian_fraser Twitter account;
"Alan Steel, famous for exposing the Equitable Life scandal in 1997 and for shedding light on the scamminess of much of the UK financial sector and its regulators, who founded Alan Steel Asset Management in 1975, has died of Covid "

 

[Brendan Burgess]

Except that there was no scam and no scandal involved in Equitable Life.

They were a great company which served its customers well.

They had a caveat on their guarantees and it was not strong enough.

Brendan

 

[ClubMan]

Except that there was no scam and no scandal involved in Equitable Life.

I don't think that this is quite correct. This (below) is arguably a scandal involving EL.

Equitable Life Payment Scheme

Find out more information on the Equitable Life Payment Scheme.

www.gov.uk

The Equitable Life Payment Scheme (the scheme) was set up by government to make payments to Equitable Life policyholders in respect of relative loss they suffered on their investments following government maladministration in the regulatory returns of the Equitable Life Assurance Society between 1992-2000.