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Hargreaves predicts Equitable exodus

Hargreaves Lansdown is predicting a flood of mis-selling claims from former Equitable Life policyholders now the compromise scheme has been agreed.

It is expecting policyholders to leave in their droves once High Court approval to the scheme is given and that mis-selling claims from policyholders who have already left will begin. It also expects the market value adjuster to increase to stem the tide of those leaving and the future of the long term fund is still in doubt.

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