16 July 2008
Chancellor Alistair Darling has instructed lawyers to examine
the Parliamentary Ombudsman's report on the Equitable Life collapse
and is expected to wait until the House of Commons returns from its
summer break before making a decision on claims for
compensation.
In the Parliamentary Ombudsman's report, expected to be
published tomorrow, Ann Abraham is expected to recommend that the
Government makes good the losses incurred by Equitable
policyholders but, according to sources, she will not include a
figure for the amount that should be paid. She is expected to say
that the amount of compensation will depend on individual
circumstances.
