Legislation paving the way for compensation to be paid to Equitable Life policyholders cleared Parliament last night.
NEW proposals for compensating victims of the Equitable Life scandal have been rejected as "unsafe and unsound" by the parliamentary ombudsman.
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VICTIMS of the Equitable Life crisis are finally set to receive compensation next year but policyholders responded angrily after hearing they could get less than £500 each to cover their losses.
THE government yesterday confirmed it plans to press ahead with setting up an independent scheme to pay compensation to Equitable Life policyholders.
POLICYHOLDERS whose savings were badly dented when Equitable Life came close to collapse will receive compensation should the Conservatives win the general election.
THE government has been accused of wanting to "block, frustrate and delay" the fight for justice by policyholders hit by the near collapse of Equitable Life.
THE government was accused yesterday of shirking its responsibilities to Equitable Life policyholders, at the launch of a High Court challenge to its compensation plans.
THE government was today facing criticism from the Parliamentary Ombudsman for its failure to compensate policyholders of Equitable Life.
UP TO one million former and current Equitable Life policyholders were last week given fresh hope of compensation for their losses after a report into the company's near collapse unearthed a devastating litany of failures by Government watchdogs.
IF THE latest misfortune to hit Equitable Life pensioners wasn't so tragic, it would be hysterically funny. Do you remember the old Charlie Chaplin gag where the clown keeps bumping into people and objects he hasn't seen? Or should that be Mr Bean?
EQUITABLE Life campaigners have condemned as a "fire sale" plans to sell the rump of the troubled fund, bringing more uncertainty and worry for 500,000 investors this Christmas.
EQUITABLE Life policy ho lders are entitled to a compensation scheme set up by the UK government, according to a draft report unveiled yesterday by a European Parliament (EP) committee of inquiry.
LIFE and pensions group Equitable Life, which was on the verge of collapse six years ago, today offered further reassurance to long-suffering policyholders as it said the business was in its strongest position in years.
AEGON UK, the Edinburgh-based insurer, has become the latest industry heavyweight to cash in on the recent pensions shake-up with a record period for new business.
EQUITABLE Life said it remained in "serious discussions" about a sale of all or part of its business but stressed it was not in a hurry to do a deal.
PARLIAMENTARY Ombudsman Ann Abraham said her already delayed report into the Government's regulation of insurer Equitable Life would be delayed further.
THE European parliament is to launch an investigation into the UK government's role in what went wrong at troubled mutual Equitable Life. The investigation will focus on whether the government failed in its role as regulator to protect policyholders.
EQUITABLE Life is set to become the subject of a fourth lengthy investigation after the European Parliament decided to launch its own inquiry into the group's near collapse five years ago.
EQUITABLE Life yesterday abandoned its negligence claim against former directors in a long-running legal battle - as the troubled insurer also said it had received a "substantial" number of bid approaches.
ROYAL London, the UK's second-largest mutual insurer and the owner of the Scottish Life brand, and Swiss Re are reported to have joined the list of parties interested in the assets of beleaguered mutual Equitable Life.