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Euro Equitable row escalates

The row between members of the European Parliament Equitable Life committee has escalated with Conservative MEP Sir Robert Atkins accusing Labour MEPs of trying to wreck the report for political gain.

Money Marketing revealed last month that a row was developing between members of the committee, with Labour MEP Peter Skinner attacking the draft report and accusing other members of politicising its findings and betraying the policyholders.

The committee met today to finalise its conclusions and recommendations which all of the members voted for with the exception of the Socialist Group- which Labour MEPs belong to.

Atkins says Labour MEPs on the committee are seeking to wreck the report on the basis that it criticises British financial regulators and the UK Government.

Atkins says: “This would be folly, since those who presented us with evidence of deceit; failure and incompetence – the pensioners – want the finger pointing somewhere.

“This sensible constructive report does just that and Socialists will be letting down those who suffered financial and personal loss if the report is rejected”.


Correspondent’s Week

This week by ex-Daily Mail personal finance reporter James Coney, now deputy business editor at the Daily Mirror.

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