Equitable Life to shut up shop for good
Equitable Life is to shut down in 2019, with the closure of its With Profits Fund, which will
create an average windfall of £6,900 for policyholders.
All policies will be transferred to Reliance Life. This enables higher distributions to with profits policyholders providing members agree to the move and to forego policy guarantees. The transferred monies will then become unit-linked policies with Reliance Life