At the request of a couple of constituents I attended the Equitable Life event in Parliament yesterday. The Group is still pressing for additional compensation. I have taken this up on many occasions with the government. The government’s view is that they have given compensation to reflect the regulatory failures, but the major cause of the losses lay with the company. I do not think the government has any plans to revisit the amount of compensation given.
I am very willing to take up individual cases if there are still outstanding matters about payment of compensation or new points relating to individual contracts that need attention.
Follow this news feed: John Redwood MP