End of the line for Equitable Life?

Posted on Feb 28, 2001

The insurer has agreed to a purchase by the Halifax for up to 1bn. 500m purchases the investment management, administration and sales arms now with a further 250m going to the guaranteed annuity policy holders if they agree a liability capping deal. The final 250m is related to the achievement of sales targets to 2004.

Terms for transfer from the Equitable include penalties and specific advice should be sought.