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Page last updated at 07:51 GMT, Thursday, 19 March 2009

Equitable losers had 'no justice'


The Public Administration Select Committee has said it was "deeply disappointed" with the government's "shabby" response to the report into its handling of the problems at Equitable Life. The government has said that it will establish a limited ex gratia payment scheme for a number of policy holders, but Parliamentary Ombudsman Ann Abraham thinks an apology ought to be made and an independent tribunal should be set up to look into paying them compensation. Tony Wright, dhairman of the Public Administration Select Committee and Paul Braithwaite, general secretary of the Equitable Members Action Group discuss the furore.

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