EQUITABLE LIFE

MEMBERS SUPPORT GROUP

Last Updated 

Monday, August 23, 2010

 

 

This website has been 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, so that we can get together to ensure the best possible results for our futures.

 

Please write to your MP and MEP and ask them to support the Parliamentary Ombudsman's recommendations. Click here for more information.  

 

 

22 July 2010 Mark Hoben MP made a statement in the House of Commons stating the compensation recommeneded by Sir John Chadwick should be £475-650 million although the relative loss if policyholders had gone to another provider would have been £4 - £4.8 billion. Write your MP. as this is an insult to both policyholders and the Parliamentary Ombudsman

click here for the video

 

How to contact your  MP

 

You can contact us on info@equitablelifemembers.org.uk.

 

The Parliamentary Ombudsman published her report 17 July 2008 Sir John Chadwick was appointed to look at compensation. 

 

Link to the PO's Report

 

  

PLEASE ASK YOUR MP TO SIGN EDM 379

 

23 August 2010 - Oliver Letwin MP and EMAG's Alex Henney in the Cabinet Office

(click here for Photogallery)

     

LOTS OF USEFUL LINKS Click here 

 

   SEE WHAT THE PAPERS SAY

NEWS DATES:

Summer 2011  Compensation cheques to be sent out

January 2011  Independent Commission  to Report

20 October 2010  Announcement of compensation as part of Public Spending Review

3-6 October 2010  Tory Party Conference

18-22 September 2010  LibDem Party Conference

22 July 2010  Mark Hoben MP's statement to the House of Commons on compensation 

20 July 2010  Parliamentary Debate on Equitable Life
4 June 2010  Ernst & Young fined by JDS over Equitable Life

10 May 2010  Equitable AGM Holiday Inn Regents Park

31 March 2010  Visteon Pensioners Protest Outside Houses of Parliament

24 February 2010  Equitable All Party Group Meeting Committee Room 10, 15.15hrs

29 January 2010  Closing date for representations to Sir John Chadwick's Interim Report

December 2009  JDS Document on E&Y Due to be Published

16 December 2009  Sir John Chadwick to outline latest findings on ex-gratia scheme

23 November 2009  Equitable Announce Transfer of Admin to HCL (.pdf)

4 November 2009  EMAG Big Rally and Lobby of Parliament

21 October 2009  Debate on Equitable in Parliament

15 October 2009  Judgment on EMAG Judicial Review backs policyholders

5 October 2009  E&Y Appeal to be heard

29 September 2009  Stripped of Our Pensions Demo at Labour Party Conference

 

Click here for more News History

 

 

 

Check the latest MVAs and Bonuses in the pensions' Industry

 

REPORTS :

2 August 2010 ELTA submissions 7, 8 and 9 to Sir John Chadwock

14 June 2010 Michael Nassim Reply to Sir John Chadwick re Third Interim Report

11 June 2010 Andrew Goudie Reply to Sir John Chadwick re Third Interim Report

10 June 2010 Michael Josephs to Sir John Chadwick - Diagnosis, Remedy and Redress

30 April 2010 Andrew Goudie to Sir John Chadwick Second Submission on Third Interim Report

24 April 2010 Michael Nassim to Sir John Chadwick and Laurence Emmett on IR3 para 6.4 and early closure counterfactualisation

15 April 2010 Notes on Meeting by Michael Nassim on meeting with Sir John Chadwick 

14 April 2010 Letter to Michael Nassim from Sir John Chadwick in reply to 7 April correspondence

7 April 2010 Letter to Sir John Chadwick from Michael Nassim

2 April 2010 Michael Josephs to Sir John Chadwick - Quantitative Matters

31 March 2010 Andrew Goudie to Sir John Chadwick on Third Interim Report

29 March 2010 Sir John Chadwick to Michael Hassim replying to 12 March correspondence

 

Click here for more Reports

 

 

   

SEE WHAT THE PAPERS SAY

 

HM TREASURY - FREQUENTLY ASKED QUESTIONS ON EQUITABLE (.pdf) 

SEE WHAT THE PAPERS SAY

Pension Calculator

What is your likely retirement income going to be?

    

Prudential On-Line Financial Forum

 

AND ASK THE EXPERTS...

Daily Telegraph have a Questions and Answers. E-mail equitable@telegraph.co.uk

General Questions can be answered by the Sunday Times equitable@sunday-times.co.uk

 

Please send your comments and suggestions to feedback@equitablelifemembers.org.uk

  

EQUITABLE WEBSITE

 

EMAG WEBSITE 

 

EMAG REGIONAL CAMPAIGN

 

DAILY MAIL - COMPENSATION Q&A

 

TELEGRAPH - EQUITABLE PETITION

 

EMAG'S REPLY TO THE PO'S REPORT

     Icelandic Bank Losses

 

To track a lost pension, go to www.thepensionservice.gov.uk  for an online form, call 0845 6002 537 (8am to 8pm, Mon to Fri) or write to: Pension Tracing Service, The Pension Service, Future Pension Centre, Room TB 201, Tyneview Park, Newcastle upon Tyne, NE98 1BA.

State Pension Forecast On-Line

 

EQUITABLE LIFE EUROPEAN PARLIAMENT INQUIRY WRITTEN EVIDENCE

 

 

27 June '08 - EMAG Goes Regional!
EMAG has set up a network of regional cells in anticipation that the Parliamentary Ombudsman may recommend compensation when her report is finally published in mid-July.

Visit the new website at www.emagregional.org.uk and see how to participate in the campaign in your local area. Even if you’re already an EMAG member, logging your details on your regional site will enable you to stay in touch with action in your area - or join the regional team to help promote the campaign for compensation which is certain to intensify in the coming weeks and months. Read more.

 

Pictured to the left is Chris Harlow who has done a sterling job in organising the regional network.

This site contains the following areas of information:

ISCUSSIONS AND ASK THE EXPERTS
The Motley Fool  has a lively discussion board running on Equitable. Financial Times - FT.com Discussion Board on Equitable Life 

Astute Investor  lots of discussion on Equitable

 The Money Bag  Contains a separate board for Equitable with some good discussions  BBC Ask Our Pensions Expert

So you think your company pension is safe

Car Sticker Campaign Click here

PLEASE contact your MP

Guardian Report on the Current Inquiries for Compensation

NB See Equitable Life's site  for current comments and information. Also more information can be found on the Halifax Equitable Site.

 

 

MAJOR REPORTS AND INQUIRIES

BAIRD REPORT (October 2001 FSA Report)

B&W DELOITTE REPORT 30 September 2002

CARR & MOSS - Remedies for Mis-selling 30 September 2002

CORLEY REPORT (For Institute of Actuaries - September 2001)

GLICK REPORT (Sept 2001 - FSA)

GOVERNMENT ENQUIRY (announced 31 August 2001 led by Lord Penrose)

HIRST OPINION on Compensation to Late Joiners for the Financial Ombudsman Service (Sept 2003) (Sept 2003)

HOUSE OF LORDS Equitable v Hyman

MYNERS 20 December 2004

LORD NEILL ON THE QUITABLE LIFE & FOS 

PO Report - Equitable Life: A Decade of Regulatory Failure (17 July 2008)

PENROSE REPORT 8 March 2004 

PENSIONS BILL

PENSIONS ANNUITIES (AMENDMENT) BILL

PICKERING REPORT Recommendations on Pension Reform (.pdf format) (11 July 2002 - Department of Work and Pensions)

PARLIAMENTARY OMBUDSMAN REPORT 1 July 2003

SANDLER REPORT on Retail Savings (9 July 2002 - HM Treasury)

THE TREASURY SELECT COMMITTEE (Report of Meeting 15 February 2001)

TURNER REPORT ON PENSIONS (30 November 2005)

WARREN REPORT (May 2001 - pdf format)

 

Click here for more Reports

Thanks to Gabrielle de Pauw for the caption and photo of the FSA AGM

 

Equitable had little effective scrutiny and was "a self-perpetuating oligarchy amenable to policyholder pressure only at its discretion". 

Penrose Report 8 March 2004

 

The Equitable Life Members Support Group is not authorised to give individual financial advice. This web site attempts to point policyholders towards sources of information. We cannot take responsibility for any incorrect information given there. All information provided on this website is in good faith and has been checked as far as possible as to its correctness. We sometimes point to reports and letters written by individual policyholders, this does not mean that we are necessarily in agreement with what is written, but this allows for debate on the subject.

 

With thanks to www.cookham.com for their sponsorship