Equitable Life

Victims of the Equitable Life collapse were finally able to receive compensation when Liberal Democrats pushed forward the Equitable Life Bill in May 2010 shortly after forming the Coalition Government.

Commenting, Jo said:

“The previous Government continually ignored the millions of people who lost their savings.

“Over the past five years I have been contacted by a great many people in East Dunbartonshire who lost up to half of their pensions in the fiasco. They are angry that the Labour Government failed to act, ignoring Liberal Democrat advice, ignoring the High Court and ignoring an Ombudsman’s report.

“This Bill is a massive relief to thousands of pensioners and is long overdue.

“I am delighted that something the Liberal Democrats have been calling for can now finally happen. We are using our position in Government to give policyholders the money they deserve.”

Background
More than 700 people in East Dunbartonshire were policyholders with Equitable Life and lost money as a result of the company’s near-collapse. Despite a Parliamentary Ombusdman call on the Government in July 2008 to apologise to Equitable Life policyholders and establish a fund to pay compensation to those who lost out, the Labour Government of the day failed to act. The saga went on for almost a decade, while it was estimated that 15 policyholders died each day. 

Below you will find details of Jo's actions on behalf of Equitable Life policyholders in East Dunbartonshire.

Action on Equitable Life

Parliamentary Questions and Debates

13/07/12 Equitable Life Assurance Society | Treasury | Written Answers

13/07/12 Equitable Life Assurance Society | Treasury | Written Answers

14/07/09 Equitable Life | Treasury Questions

24/06/09 Equitable Life Government Debate

27/01/09 Equitable Life Debate

16/12/08 Christmas Adjournment Debate

16/12/08 Equitable Life | Prime Minister | Written Answers

16/12/08 Equitable Life | Treasury | Written Answers

25/11/08 Equitable Life – Westminster Hall debate

30/10/2008 Equitable Life | Leader of the House

Parliamentary Motions

Jo signed the following Early Day Motions on Equitable Life:

EDM 1693: CONDUCT OF INDEPENDENT ADVISER ON EQUITABLE LIFE

EDM 1491: EQUITABLE LIFE COMPENSATION (No. 3)

EDM 1423: PARLIAMENTARY OMBUDSMAN AND EQUITABLE LIFE POLICYHOLDERS

EDM 1253: FURTHER PARLIAMENTARY OMBUDSMAN REPORT ON EQUITABLE LIFE

EDM 823: EQUITABLE LIFE COMPENSATION (No. 2)

EDM 313: EQUITABLE LIFE (No. 2)

EDM 215: EQUITABLE LIFE

EDM 23: EQUITABLE LIFE PENSIONERS AND POLICY HOLDERS

EDM 2230: PARLIAMENTARY COMMISSIONER’S REPORT ON EQUITABLE LIFE

EDM 2103: EQUITABLE LIFE PENSIONERS AND POLICY HOLDERS

News Stories

14/10/13 Deadline extended for Equitable Life victims to receive compensation – Jo

28/05/10 Compensation for East Dunbartonshire’s Equitable Life victims long overdue – Jo

26/06/09 Jo criticises government over Equitable Life saga

28/11/08 Thousands in West of Scotland could get Equitable Life compensation

25/11/09 Government must admit faults on Equitable Life

30/10/08 Government delays are letting down Equitable Life victims

30/09/08 Jo to fight for local Equitable Life victims

Another website of interest on the campaign for justice for Equitable members is the Equitable Members Action Group

 

Sign in with Facebook, Twitter or Email.