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Govt delays Eq Life response until after Christmas

The Government has delayed its response to the Parliamentary Ombudsman’s call for compensation to Equitable Life victims until after Christmas.

Leader of the house Harriet Harman revealed in Parliament that despite previous promises, the Government would not be responding to the Ombudsman until the New Year.

The Conservatives blasted the Government for giving Equitable policyholders “a bleak Christmas present”.

Shadow Chancellor of George Osborne says: “Even in Parliament, Gordon Brown’s word is worth nothing.

“He has broken the promise he gave just days ago and betrayed thousands of Equitable Life savers waiting for justice.

”The Parliamentary Ombudsman’s report is a damning endictment of Gordon Brown’s failings as Chancellor and we don’t have to wait until after Christmas to know that the recommendations should be implemented and savers should be treated fairly.”


Home in on the fraudsters

In the falling property market, mortgage fraud has again been hitting the headlines. A constantly rising property market hides a multitude of sins but when prices start dropping, the chickens come home to roost.

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]


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