11 July 2008
The European Parliament will push for compensation to be paid to
Equitable Life policyholders, regardless of any recommendations
made by the Parliamentary Ombudsman, Ms Ann Abraham.
MEP Mairead McGuinness, who chaired a committee of inquiry into
Equitable Life last year which said UK regulators did not properly
supervise Equitable Life, yesterday vowed to pile pressure on the
Government for a payout to policyholders who lost out when it was
forced to close to new business in 2001.
