No Compensation for Equitable Life 'Victims' ; Firm to Blame for Huge Losses, Says Judge
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Summary
THE Government last night ruled out giving compensation to policyholders of troubled mutual Equitable Life after a report found the society was the "author of its own misfortunes".
Financial Secretary to the Treasury Ruth Kelly said the report by Scottish judge Lord Penrose did not find policyholders had suffered loss as the result of the regulatory system.See the full content of this document
Extract
No Compensation for Equitable Life 'Victims' ; Firm to Blame for Huge Losses, Says Judge
But the report did say the system had "failed policyholders", was not overseen or kept up to date,and operate...
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