Thursday, 18 February 2010

Equitable Life, Lousy Deal

Yesterday, David Cameron gave a cast-iron pledge to end this government's dithering and give Equitable Life policy-holders the compensation they deserve. He said: 'If we win the election, we're going to sort out Equitable Life very early on.'

In 2008, the Parliamentary Ombudsman blamed the collapse of Equitable Life on a decade of regulatory failure - attributing responsibility to both ministers and officials - and recommended an apology and compensation. Nearly two years on, the government has failed to act. The Equitable Members Action Group estimate that 15 policy holders die every day whilst the government delays. The government has buried the issue in the long grass - in a truly reprehensible manner.

Ian Taylor has pressed hard for action for policy-holders in Elmbridge. If elected, I will build on that momentum, and campaign relentlessly for swift and just compensation for the victims of this long drawn out fiasco.


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