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EQUITABLE LIFE MEMBERS SUPPORT GROUP |
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This website was set up by a group of Equitable Life members as a non profit making, non commercial enterprise for the good of all those associated with the Equitable Life Assurance Society. We have tirelessly fought for twenty years, since the year 2000, to try and ensure that members were helped to obtain the losses caused by the Equitable Life disaster.
The End of Equitable Life - 1 January 2020
Equitable Life was the first and oldest mutual life assurance company in the UK. It was established in 1762, as of 1 January 2020 sadly it is no more.
Equitable Life has agreed a sale to fellow mutual insurer the Life Company Consolidation Group (LCCG). Under the terms of the deal around £1.8bn in capital will be returned to Equitable Life’s 300,000 policyholders. This equates to an average £6,000 payout to each person. The two companies said this represented a 35pc increase in capital distribution for each policyholder.
Members to get about 75% upliift to their guaranteed funds.
They have 6 months without penalty to move from new
owners unit trust elsewhere.
LCCG is to convert Equitable Life’s “with profits” policies to “unit linked” funds.
contact info@equitablelifemembers.org.uk
Death of Honor Blackman (5 April 2020)
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LOTS OF USEFUL LINKS Click here
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NEWS DATES: 1 January 2020 Completion of sale to LCCG 22 November 2019 High Court re members' vote 16 June 2018 Sale proposed with Life Company Consolidation Group (LCCG 23 March 2017 Backbench Business Committee Equitable Life Debate 11 February 2016 Debate in Parliament on Equitable 26 February 2015 Debate in Parliament on Equitable 11.30am 22 October 2014 EMAG Westminster Rally 14 November 2013 EMAG AGM Birmingham. 11 September 2013 All Party Parliamentary Group Meeting 2.00pm 26 July 2013 Public Accounts Committee Report on Equitable Life 15 May 2013 Meeting of APPG Group of MPs on Compensation administration problems 13 March 2013 Visteon Pensioners Rally to Downing Street and Palace Yard 15 November 2012 EMAG AGM Birmingham. 24 October 2012 EMAG's Major Westminster Rally 9 October 2012 Pensions Action Group Protest at Conservative Party Conference - Birmingham - CLICK HERE FOR VIDEO 21 June 2012 EMAG Meeting Corby 22 May 2012 EMAG Board Meeting 4 May 2012 EMAG Meeting Cochester 1 May 2012 EMAG Meeting New Forest 25 April 2012 Equitable Life APPG 7 March 2012 Parliament Protest 5 March 2012 EMAG Croydon Meeting 8 December 2011 EMAG Oxford Meeting 7 December 2011 EMAG Norwich Meeting 1 December 2011 EMAG Tunbridge Wells Meeting 15 November 2011 EMAG Swindon Meeting 10 November 2011 Equitable Life APPG
Click here for more News History
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REPORTS : 26 July 2013 Public Accounts Committee Report on Equitable Life 7 September 2012 Did Anyone Learn Anything from Equitable Life? January 2012 Payment Scheme Progress Report 19 January 2012 ELTA - News Update 2 August 2011 Freedom of Information Request 27 May 2011 Consultation reply on With Profit Funds by Michael Nassim to FSA 16 May 2011 The Equitable Life Payment scheme was published by the Government 28 March 2011 Equitable announce payout of 12.4% for those who transfer out 29 January 2011 News item to Annuitants from Peter Scawen 31 December 2010 Michael Nassim's Analysis of the Financial and Government Pmbudsman Service regarding Equitable Life 3 December 2010 Michael Joseph Submission to ICELP 30 November 2010 International Policyholders - ICELP Submission 20 September 2010 International Policyholders Letter from Michael Nassim to ICELP
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