UK Gov't 'owes Equitable victims'

"I believe that due to its failure to adequately protect policy holders in accordance with EU legislation, the UK government is obliged to devise an appropriate scheme to ensure full compensation for victims of the debacle," says Sir Robert Atkins, Tory MEP and member of the Euro Committee of Inquiry into the collapse of Equitable Life. The 22-strong committee of MEPs was set up in February 2006 to assess allegations UK regulators failed to protect policy holders. The committee is voting today to back a special report which criticizes the “light touch” UK regulatory regime and accuses th...