Chadwick review labelled 'cover-up' by Eq Life victims

clock •

Equitable Life victims have rejected Sir John Chadwick's compensation review, calling it a ‘cover-up'.

The Equitable Members' Action Group (EMAG) has withdrawn from involvement in Sir Chadwick's review of compensation, saying the Treasury is attempting to defy the recommendations of the Parliamentary Ombudsman. EMAG says: "'The Chadwick Process' seems to have been devised to delay, deny and reduce the substantial compensation found to be warranted by the Parliamentary Ombudsman." It says Sir Chadwick and the Treasury have failed to release their actuarial figures, detailing the types of policyholders and quantification of their losses. Last week, EMAG had threatened to cease co-oper...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers urged to rethink role of traditional diversification

Advisers urged to rethink role of traditional diversification

Milliman publishes whitepaper

Sophia Panayi
clock 29 September 2026 • 2 min read

Active ETFs, ESG and the retirement advice challenge

Sarasin & Partners portfolio manager Ben Gilbert joins PA in the studio

Isabel Baxter
clock 05 June 2026 • 1 min read
Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read