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MSE News: Equitable Life policyholders face limited compensation

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This is the discussion thread for the following MSE News Story:
"The final redress pot could be just one tenth of the sum policyholder action groups estimate members have lost ..."
"The final redress pot could be just one tenth of the sum policyholder action groups estimate members have lost ..."
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May be not. But will policy holders who have made their policies paid up and, on maturity, taken an annuity with another provider be compensated?
If you really wanted to cut the compensation bill only those policy holders who continued with the policy and are still current or who have taken an annuity with the Equitable could be the only ones to be compensated.
Then how will the compensation be treated, it could be added to existing policies but if an annuity has been taken, I understand that an annuity can not be added to after inception and the compensation might be so small as to be useless as an additional annuity.
Seemingly I am approximately 1K out of pocket, but I can only receive 22% of the amount as it is Government funded. Still I must be grateful for small mercies as I was told that I wasn't entitled to anything.
So watch out people, you may be lucky yet!!!