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CA demand Axa pays for policyholders&#39 court costs

The Consumers&#39 Association is pressing for a court order to force Axa to pay the legal costs of policyholders challenging the life office&#39s orphan assets deal.

The CA is representing over 500 policyholders in court who are fighting the plan by Axa to distribute £1.7bn of orphan assets between policyholders and shareholders.

CA sources say they are disappointed with the life office&#39s resistance to funding a legal challenge saying it erects an obstacle between policyholders and a public hearing.

Axa says while it will not sue policyholders or the CA for legal costs, it also will not pay for their costs.

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