06 September 2010
The Equitable Members Action Group (EMAG) has requested their
members to lobby their MPs in advance of the House of Commons
debate on compensation.
Paul Braithwaite, spokesman for the Equitable Life Members
Action Group, said:
"We are more than frustrated that whereas Sir John Chadwick was
given an extension for his report, we have been asked through
August, through a bank holiday, to make a submission to the
Treasury on what we propose as an alternative scheme. We will make
a submission. We will be informing MPs in advance of the debate and
encouraging them to participate"
When the government announces the public sector spending review
in October it is expected that they will also make an announcement
regarding the proposed compensation payout to the estimated 1.5
million people affected.
An independent commission has already been set up to calculate
the best way to distribute the compensation amounts to the eligible
Equitable members.
