Equitable Life

Trapped Annuitants

supporting the With-Profit annuitants of Equitable Life

 

ELTA MEMBER QUESTIONNAIRE

 

The following questionnaire (see below) is required by Clark Wilmott for them to proceed. You can download it in one of the following formats:

 

Word document

Adobe Acrobat document

  Click on logo to download Adobe for .pdf files

CLARKE WILLMOTT

ELTA MEMBER QUESTIONNAIRE

Each annuity holder should complete a separate questionnaire. 

Where an annuity policy has spouse’s/partner’s benefits attached only one questionnaire is required.

 

Please complete as much of the questionnaire as you can with reference, if necessary, to your policy documents.  If you do not have sufficient room please continue on a separate sheet. 

 

1. Contact Details

 

Your name……………………………………………………………….   Date of birth……………...

 

Partner’s name……………………………………………………….....   Date of birth………………

 

Address ………………………………………………   Telephone No. ……………………………

…………………………………………………………      Mobile No.  ..………………………………

…………………………………………………………      Fax No. …………………….………………

…………………………………………………………

Post code …………………………………………….

E-mail address …………………………………………………………………………………………..

2. Policy Details

Please provide details of your annuity policy(ies) below and confirm whether or not any of them were purchased with policies which contained Guaranteed Annuity Rates (GARs)

 

Policy No.

Date of Policy

Purchased with GARs?

 

 

YES/NO

 

 

YES/NO

 

 

YES/NO

 

 

YES/NO

 

 

YES/NO

 

 

YES/NO

 

If you have more than 6 policies please continue on a separate sheet.

 

3. Details of Advice

This information will assist us to assess whether or not it is appropriate to include you in the group action.  Please give as much detail as you can about the advice you were given.

 

If you have more than one annuity and your answers to the following questions will differ with each policy then please continue on a separate sheet listing the policy number(s) and your relevant answers.

 

Policy No(s)…………………………………………………….

1. Who advised you to purchase the With Profits Annuity?

 

Please provide the name, if you know it, and advise whether they were an Equitable Life representative or an IFA:

 

 

2. What proportion of your retirement income was to be made up of your With Profits Annuity?

 

 

 

3. How much risk were you prepared to take with your pension funds particularly with regards to security of income?  

 

 

4. Please explain your understanding (at the time the annuity was taken) of the relevance of the assumed bonus rate.

 

 

 

 

 

 

 

5. Why did you opt for the bonus assumption that you did?

 

 

 

 

6. Please explain your understanding (at the time the annuity was taken) of the risk that your income could go down and the circumstances when this could occur.

 

 

 

 

 

 

 

7. What, if any, alternative annuity options were you given and what were you told about those annuities?

 

 

 

 

 

 

8. If your annuity was purchased after January 1999 what questions, if any, did you ask the representatives about the Hyman litigation and what was the response?

 

 

 

If your policy contained GARs please answer the following:

 

 

9.   Did you know at the time you took your annuity that the policy had a GAR?          YES/NO

 

10.  Were you told what your fund value would be if you took the GAR?                     YES/NO

 

11.  If so, what value were you told?                                                                  £………………..

 

12.  Were you given a GAR illustration?                                                                 YES/NO

 

13.  If so, what GAR annuity was quoted?                                                          £……………….

4. Annuity Reductions

 

1. When and how did you realise your annuity was going to be reduced?

When:

 

 

How: (specific letter/standard letter/press)

 

 

 

2. When was your annuity reduced and by how much?

When:

 

 

By how much:

 

 

3. Do you have any idea what kind of pension arrangement you would have taken if you had fully understood how the WPA worked?

 

 

 

Please give details.