What is Equitable Life?

By Forinfos - 03/06/2025 - 0 comments

Equitable Life is a mutual life assurance company based in the United Kingdom that specializes in investments, savings and pensions. The company was closed to new business in 2000 after losing £1.5 billion in a court case that lost its policyholders about £4.3 billion.

Her Majesty's government set up the Equitable Life Payment Scheme to compensate policyholders who lost their pensions when the company collapsed. The scheme is expected to pay close to £1 billion by the time it closes in March 2014. As of December 2013, Equitable Life was still operational with over 500,000 policyholders and £8 billion in funds under management.

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