Equitable Life chairman Vanni Treves says the society's compromise scheme has received the backing of a number of institutional investors over the past few days.
Speaking at Equitable's policyholder meeting in London today, Treves said the chances of the scheme going through had received a boost after several group investors admitted they had voted for its introduction.
He also highlighted the public endorsement of the NAPF, which has said it would advise members to vote for the scheme. Voting closes today. Treves said: “Many group investors have told us they have voted in favour of the scheme over the past few days. They have left it late, but it is going to be okay.”