EQUITABLE LIFE

MEMBERS SUPPORT GROUP

Last Updated 

Thursday, January 19, 2012

 

 

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 now started.

 

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.

 

Under the Freedom of Information Act 2000 is seems only 321 payments had been made at 2nd August 2011 0.52% of the over 75s. They have a lot of catching up to do in the rest of the twelve months until June 2012!! Click here to see the reply from the Treasury

 

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

8 December 2011- Chris Harlow addresses EMAG Meeting at Oxford

(click here for Photogallery)

 

LOTS OF USEFUL LINKS Click here 

 

EWS DATES:

3 October 2011  Pensionstheft demo at Conservative Party Conference

June 2011  Compensation cheques start being sent out

16 May 2011  Equitable Life Payment Scheme Published

28 March 2011  Equitable Offer Payout of 12.4%

26 January 2011  Independent Commission  Report

10 November 2010  3rd Reading of Equitable Life Payments Bill 

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

14 September 2010  Parliamentary Debate - Equitable Payments Bill

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

 

Click here for more News History

 

 

 

Check the latest MVAs and Bonuses in the pensions' Industry

 

REPORTS :

19 January 2012 ELTA - News Update

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 

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

 

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)

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