The Endowment Diary

The Endowment Diary

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The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Thursday, November 27, 2008

Equitable Life Sale Pulled

Equitable Life Sale Pulled

Equitable Life has pulled the sale of its £7BN with-profits fund having failed to find a buyer. The reason cited being the current market turmoil.

Equitable Life will put the fund into "run-off", ie the policies will run until they mature.

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