Advanced





Equitable Life pension victims to take legal action



Over 50s who lost money after the near collapse of Equitable Life have been granted the right to claim for compensation from the government.

More than a million policyholders suffered major cuts to their pension provision after the company lost an expensive legal battle with the House of Lords.

Parliamentary Ombudsman Ann Abraham has accused the government of maladministration over the incident and compensation payments are likely to be demanded by those affected by the incidents.

The government has defended its stance on the Equitable affair, stating that its decision not to pay compensation was taken in order to protect the interest of taxpayers.

Paul Braithwaite of the Equitable Members Action Group applauded the decision to allow legal proceedings, stating that "the tide of moral indignation is finally turning in our favour".

Earlier this week, older people's charities Help the Aged and Age Concern called for government action to provide security for over 50s whose retirement plans have come under threat due to the effects of recession and unemployment.




Homebase
Homebase is the UKs second largest home improvement retailer and is recognised for choice, style ...
Silver Travel Advisor
Have your say and you could win a Greek Island villa holiday. If you like holidays and ...
Sky
For some of the most talked-about TV, get Sky TV. In all, we've 100+ digital entertainment ...
Make a Will Online
Make a Solicitor checked Will Online with Gloss Legal
Travel News
All-inclusive holidays 'offer value for money'
Finance News
Recession 'causing problems for over 50s abroad'
Dating News
Online dating 'can give over 50s another chance at love'

We Luv Sweets
New Zealand Holidays
Kirra Tours 100 Percent Kiwi New Zealand Holidays by New Zealanders. Although larger than the UK, New Zealand has a ...
ProstaMax
The only prostate supplement with 100% pure Beta-Sitosterol