Rebuilt insurer also removes exit fee, but denies 'paying policyholders to leave'
Equitable Life lost more than £4bn of its customers' money but would view compensation of half that to be a 'great start'
Equitable Life board is 'imploring' ministers to make full and proper payout of £4bn to victims
Equitable Life policyholders should be grateful, in a time of austerity, that they are getting anything from the taxpayer