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Page last updated at 12:23 GMT, Saturday, 17 October 2009 13:23 UK

Money Box: Equitable Life compensation

Equitable Life policyholders have a better chance of receiving payments after the High Court criticised the Government's response to the plight of pensioners who have lost up to £5bn.

A pressure group - the Equitable Members' Action Group - who launched the judicial review, claims the ruling means that the Government's ex gratia payments scheme could be applied to hundreds of thousands more policyholders.

Last year the Government rejected a call by the Parliamentary Ombudsman that all policyholders should be compensated.

Paul Braithwaite of the Equitable Members Action Group gave his reaction to the latest developments on Money Box.

This item was first broadcast on Radio 4's Money Box on Saturday, 17 October 2009.

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