EQUITABLE LIFE

MEMBERS SUPPORT GROUP

Last Updated 

Monday, February 01, 2016

 

 

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.

 

The Equitable Life Payment scheme was published by the Government on May 16, 2011. Compensation payouts have started.

 

The Treasury has announced that as of 30th June 2014, the Scheme has issued payments totalling £972.9 million to 877,414 policyholders.

The Scheme has published a further progress report, which can be found at https://www.gov.uk/government/publications/equitable-life-payment-scheme-july-2014-progress-report.

Details of the scheme can be found at  

http://equitablelifepaymentscheme.independent.gov.uk

A call centre – 0300 0200 150 – has also been set up for policyholders 

customerenquiries@equitablelifepaymentscheme.com
Equitable Life Payment Scheme
PO Box 4110
Glasgow G58 1EL

 

If you feel you have not been fairly included, here is how to contact  your  MP. 

 

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

To contact Equitable Life Click here

EMAG Westminster Rally - 22 October 2014

 

(click here for Photogallery)

 

 

 

 

 

 

 

 

LOTS OF USEFUL LINKS Click here 

 

 

 

 

NEWS DATES:

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

June 2011  Compensation cheques started being sent out

 

Click here for more News History

 

 

Check the latest MVAs and Bonuses in the pensions' Industry

 

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 

 

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

LOTS OF USEFUL LINKS Click here 

 

  

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)

CORLEY REPORT Appendices (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