The continued press coverage of Equitable Life is now starting to leave a bitter taste in my mouth. I have offered guidance to many Equitable policyholders but surely the latest suggestions in the press cannot be justified.
Why should I, not only as an IFA but also a taxpayer, pay for the failings of both the PIA and Equitable should compensation be granted to policy-holders now clam-ouring for Government help?
If the Government offers compensation in this instance, then it must also do so for the pension and endowment reviews? Or do they see IFAs as a soft target and the PIA or Equitable a harder nut to crack?
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