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Compensation call over Equitable

By
Nishikant
on July 17, 2008 10:07 AM | | Comments (0) | TrackBacks (0)
Ministers should set up a compensation fund for policyholders in the Equitable Life, the Parliamentary Ombudsman says.

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The life insurance company came close to collapse in 2000 after being ordered by the High Court to fulfil financial promises which it could not afford. Ann Abraham said the government should apologise for a "decade of regulatory failure" and identified 10 instances of maladministration by its departments.

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This page contains a single entry by Nishikant published on July 17, 2008 10:07 AM.

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