Company Information

Get to know Equitable Life Assurance Society

Founded in 1762, The Equitable Life Assurance Society was a pioneering UK-based life insurance company operating as a mutual society, owned by its policyholders. The company faced a severe financial crisis in the late 1990s and closed to new business in December 2000 after being unable to meet its obligations on Guaranteed Annuity Rate (GAR) policies. Following a lengthy period of managing its existing policies, the Society completed its wind-down by transferring all remaining policies to Utmost Life and Pensions on January 1, 2020. The company is now effectively a non-trading entity managing its final closure.

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Equitable Life Assurance Society

United Kingdom

Founded in

1762 (264 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.