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Eq Life victims to take Govt to High Court

Equitable Life victims have launched a bid for a High Court challenge over the Government’s failure to compensate one million policyholders when the life company collapsed.

The Equitable Members Action Group has lodged a claim for a judicial review after the Treasury failed to take action on the Parliamentary Ombudsman’s call for a scheme that would assess all claims within two years.

In a letter to public administration select committee Chairman Dr Tony Wright, EMAG director Colin Slater said: “The Treasury is attempting to thwart the Parliamentary Ombudsman, the Public Administration Select Committee and Parliament itself.

“The means which it used was to give a false impression to Members in the House of a proper apology and compensation proposal, both of which were reduced to minimal proportions by the subsequent Command Paper.”

Under the judicial review process, those affected by a Ministerial decision can have that decision examined by a judge for its lawfulness though the formal request for this review has to be submitted within three months of the decision.

That deadline in the case of Equitable Life was April 14.


Action and reaction

Over the last month there has been significant disruption to plans and it has been interesting to see the reaction and outcomes to them.

Deficit of DB schemes deepens to £242bn

The Pensions Protection Fund says the deficit of defined benefit pension schemes has worsened from a deficit of £205bn at end of February to £242bn at end of March.


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