In brief, on retiring in December 1989, aged 62, I used Equitable Life to
buy a compulsory purchase annuity together with a smaller immediate annuity
both dated February 6 1990. I estimate my losses to date are approximately
£47,000. I would welcome your advice on steps I should take to apply for
compensation. Or should I just forget the whole distressing saga?
My husband, who will be 84 soon, has a with-profits annuity which was taken
out pre-1992. We wonder if we will be eligible for the payments announced in
the Budget but do not know if we will be contacted automatically.
Such expectations come from the Chancellor’s 2013 Budget announcement that the
Government will make an ex-gratia payment of £5,000 to those who bought an
Equitable Life with-profits