Household name Equitable Life got itself into serious trouble in 2000 in promising unsustainable annuity rates to policyholders.

For several years policyholders have battled to get their money back and/or compensation and now there is a proposal that the company be closed and the money divided up.

What can we learn from this? What should Equitable Life policyholders do?

Nationwide Building Society commissioned research that shows we are a nation of procrastinators especially when it comes to saving money. How to break the circle? Tune into Money Talk at 1pm this Friday! #MTRadioUK