Policyholders to benefit from 25% capital distribution
Equitable Life has announced its next step in the distribution of capital to its 345,000 with profits policyholders.
From 1 April 2014, Equitable Life will double the capital distribution to 25% and remove the 5% exit charge when policyholders transfer.
Chris Wiscarson, Equitable Life’s chief executive said: “Over the past decade, there have been many reasons for policyholders to leave the society, but one big reason to stay. This is it.”
Ian Brimecome, Equitable Life chairman said: “This is a further momentous step for the society. We consider the new capital distribution of 25% to be the best example of recreating policyholder value at the society for many years.”
