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Equitable legal team split over claims

Equitable Life&#39s legal advisers are split on the size of potential misselling claims the life office could face from policyholders.

The findings of Equitable&#39s legal team, which includes a report by Nicholas Warren, QC, and other lawyers working on the compromise deal, will be published this week alongside details of the scheme. The board wants a compromise to end what could be years of legal disputes.

In an open letter to policyholders, Equitable admitted its MVAs and bonus cuts had “distressed” many policyholders. It says those now leaving are not taking more than their fair share.

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