Equitable Life is to call on the Government to pay damages as quickly as possible to policyholders who lost out following the near collapse of the UK's oldest mutual insurer, The Telegraph reports.
Vanni Treves, non-executive chairman of Equitable Life, expects the Parliamentary Ombudsman to recommend compensation is paid when it publishes its report into Equitable Life collapse next week. His comments come after The Daily Telegraph revealed yesterday that a draft copy of Ann Abraham's report found that the Government was guilty of maladministration in the lead up to the near-collapse of the society in 2001. "We pressed hard in 2004 for the Parliamentary Ombudsman to investigate, and we have given all possible support to her and her team ever since," Mr Treves said. "If, as we hop...
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