Equitable Life Compensation; A further debate calling for compensation for some Equitable Life policyholders.Jump to full report >>
There has been a long standing campaign for compensation for Equitable Life policyholders. Questionable business practices by the company dating back into the 1970s and the offer of 'guaranteed returns' which proved to be impossible to honour, forced the company to adopt a series of legal and economic measures to reduce payments to its policyholders. Affected pensioners won a long argument over the contribution of the then regulator due to maladministration. The pensioner's group has won a significant amount of money in compensation already but argue that they deserve more. The government compensation scheme is now closed and the current Government has indicated that no further sums are available.
Commons Debate packs CDP-2017-0097
Author: Tim Edmonds