Equitable Delay Truly Beggars Belief

Summary


WHEN the Government announced before Christmas that it was delaying its response to the Parliamentary Ombudsman's report into regulatory failure at insurer Equitable Life, campaigners assumed it could only mean good news.

They thought, quite reasonably, that after years of playing hardball with them over their cry for compen- sation, the Government had finally been persuaded by many of their constituency-focused MPs to pay up.

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Extract


Equitable Delay Truly Beggars Belief

How wrong these earnest campaigners were. Last Thursday, eight years after Equitable Life stood on the verge of financial collapse as a res...

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