Equitable compensation could be uneven - papers 12 March

MPs said yesterday that inquiries into the Equitable Life debacle were "muddled" and could lead to some policyholders being compensated while others lose out. Their remarks came as the Treasury Select Committee published letters it has received from each of the bodies investigating the problems of the stricken mutual, charting their progress, reports the Telegraph. Thousands of Equitable policyholders are pinning their hopes of compensation on the findings of the inquiries by Lord Penrose, the Parliamentary Ombudsman and the Complaints Commissioner for the Financial Services Authority. ...