History and Facts

Scroll to explore this table's contents.
Date Fact
January 2020 All business except Irish and German policies transferred to Utmost Life and Pensions. Irish and German policies remain with Equitable Life, a subsidiary of Utmost.
December 2019 Second High Court Hearing sanctioned the Scheme of Arrangement and the Transfer of all business, excluding Irish and German policies, to Utmost Life and Pensions.
November 2019 The Scheme and the Change to the Articles were both passed at the Policyholders’ Meeting and Extraordinary General Meeting.
July 2019 First High Court Hearing to give approval to hold Policyholders’ Meeting and Extraordinary Meeting and provide policyholders with details about the Equitable Proposal.
June 2018 Announced Proposal for a Scheme of Arrangement and the transfer of Equitable Life to Utmost Life and Pensions (formerly Reliance Life).
April 2015 Increased capital distribution to 35% for with-profits policyholders.
April 2014 Doubled capital distribution to 25% for with-profits policyholders.
March 2011 Announced 12.5% distribution for with-profits policyholders.
February 2002 High Court sanctioned compromise scheme which addressed the guaranteed annuity rate issue.
December 2000 The Society closes to new business.
July 2000 House of Lords rules against differential final bonus and against 'ring-fencing'. The Board decided that it was in the best interests of members to put the society up for sale.
January 2000 Court of Appeal rules against the differential final bonus practice.
September 1999 High Court approves the differential final bonus practice.
January 1999 Equitable initiates the court case to validate the differential final bonus practice.
1990 About 1.5million policies in force.
1762 Equitable Life Assurance Society was founded.