An Equitable policyholder has pleaded guilty to blackmail after being driven to distraction by the behaviour of the life office.
Julian Del Guidice, a librarian at the Imperial War Museum, was so incensed after seeing his pension fund lose £18,000 that he threatened to burn the house of the salesman who sold him the pension.
He wrote 22 letters to Equitables directors and also made threats to kill after unsuccessfully storming Equitables offices.
He had made further payments into his fund after a personal assurance from Equitables managing director.
The Judge sentenced Del Guidice to 15 months imprisonment, suspended for two years, at the same time as criticising the Equitables conduct.