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Talkback

Will there be an exodus of policyholders from Equitable Life now that the life office has won its compromise deal?

“Yes, a significant number. I think a number of the bigger group schemes will move away as the overall financial strength of the life office is called into question.” Graham Hume, Beechwood Financial Services

“No. I think a lot of people are probably gone already and I think a good number of Equitable policyholders will stick through until the end in hope.” Stephen Eames, Beltinge IFA

“No, not necessarily. Some people are locked in to all sorts of odd tie-ins.” David Josephs, Crompton & Sherling

“Yes. People will just take what is being offered and run.” Gary Perlmutter, Creeger Financial

“Yes. I think people are anxious to get themselves sorted out. People are going to want to get out as quick as they can.” John Burnard, New Life Financial Planning

“Yes. I think they will have reached the end of their frustration point. Now there is some sort of resolution, I think they will want to look for stability elsewhere.” Dale Manson, Edison Consulting

“I suspect so because, once people have been paid out, they will look to get better value elsewhere because that fund will continue to underperform.” Rod Philpott, Philpott Financial Services

“I suspect there will still be people who want to come out because they will suspect that performance will not be quite so good in the future.” John Pidgeon, Sole trader

yes 75%

no 25%

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