Over one million Equitable Life policyholders have received a formal apology from the Government today following a series of problems which saw life savings wiped out after it almost collapsed in 2000. An estimated £4 billion was lost between the one million-plus policyholders. However, the Government has promised only limited compensation for those who were ‘disproportionately [...]

More: Government apologises to Equitable Life policyholders

This is what I was talking about in the other post. What is the policyholder response? This has been dragging on a long time for all involved. It is awful for those trying to deal with reduced pensions, or locked annuities.