Equitable Life

It has been a long time coming, but I am pleased that the victims of Equitable Life, including a number of my constituents, are to receive some compensation as recommended by the Parliamentary Ombudsman. However the proof of the pudding will be in the eating and I am concerned that the Government scheme seems to be hedged about with all sorts of conditions, and is to be means-tested. Given that the Government has been found guilty of maladministration and refused to pay out for so long, I would have thought the least they could do was to have a fair scheme that will pay out quickly.

The full details are not yet known and we will have to see if the outcome is better than I fear it may be.

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