14 January 2009
Yvette Cooper, the Chief Secretary to the Treasury is expected
to tell MPs tomorrow that the government will establish an
independent tribunal to calculate the level of compensation that
should be paid for Equitable Life members.
Although the government is expected to accept the findings of
the report, which said Equitable members should be compensated, it
is likely to stop short of agreement to full redress. Any
compensation is believed to be concentrated on the hardest hit
pensioners.
