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Equitable policyholders vote yes

Equitable Life policyholders have given their backing to the compromise scheme which caps its £2.6bn guaranteed annuity liability.

98.1 per cent of those with Gar policies voted in favour, while 99.2 per cent of non-Gars also said yes.

The successful vote clears the way for a £250m injection into the fund from Halifax, which owns Equitable&#39s operating facilities.

It also means non-Gars have to relinquish their right to sue the society for misselling.

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