Equitable Life Action groups have joined forces to strengthen calls for Equitable to back a campaign for Government compensation. Seven action groups have come together in a single movement called E7 which wants the society to put its weight behind calls for £3 billion of compensation from the Government.
E7 spokeswoman Liz Kwantes says the insurer has the infrastructure, expertise and access to the evidence needed to co-o rdinate such a case. Equitable has already said it considers the legal hurdles to Government compensation are likely to be too high and is pushing for the parliamentary ombudsman to reopen her investigation into the case.
At the same time a new action group has been formed, the Equitable Late Contributors Action Group and is calling for volunteers and new members to help organise a campaign to seek compensation through the courts or financial services ombudsman.