29 October 2007
Ann Abraham, the Parliamentary Ombudsman, who is investigating
the rights to compensation for Equitable Life members, is due to
tell MPs she is still unable to publish her findings.
In the summer of 2004, a full investigation was launched to look
at the role of the Government Actuary's Department (GAD) in the
near-collapse of Equitable Life. Despite being told to expect a
decision on compensation within a year, member support groups are
still waiting.
In May, Ms Abraham informed MPs of a delay as she struggled
through a large draft report response. A spokesperson for Ms
Abraham has now said that Ms Abraham is unable to commit to a
timetable for publication.
The Equitable Life members' support group has said that the
delay is "appalling".
