Eq Life compensation scheme widened

Reports suggest the Government, defeated last week in a judicial review brought by customers who lost their pensions as a result of Equitable Life's near collapse in 2004, will widen the compensation scheme. Initially it refused claims against the insurer based on maladministration and injustice but now appeas to be siding with campaigners, although it remains the case that only the worst cases will ualify for compensation. "We welcome the court's rejection of the challenge to our decision to establish a scheme to make ex-gratia payments to policy holders who have suffered injustice...