Everyone seems to be talking about Pension Plans I wonder If someone can help me with my Personal Investment plan.I bought this plan on 06-01-1999 for £100,000.The person from Equitable did not tell me about the pending case at the House of Lords.She has since admitted in writing that she knew about the case and that she had been assured by Head Office that even if they were to lose the case the impact on non-GAR policyholders could be ringfenced and the cost would be nominal.She also stated that when I bought my policy the Society,s approach to GAR policies had the unequivocal support of the Industry Regulator,and therefore there was no reason to believe that the costs associated with the subsequent ruling made by the House of Lords would arise.
At the time a Friend of mine who is a Judge Said if you had known about the House of Lords case would you have bought the Plan and I said certainly not.
In desperation with advice from other financial advisers I cashed my plan in May 2005 and received £86,000.If you take a minimal interest figure I should have received at least £130,000.
Can anyone out there advise me to whether I have a claim or not.Any advice would be really appreciated.
G.H.