The Queen today confirmed the coalition government would seek "fair" payouts for more than one million Equitable Life members.
The Treasury will be granted new powers to make compensation payments to policyholders through the Equitable Life Bill. Savers lost money as a result of the pension company's near-collapse in 2000 and have been fighting for compensation payments ever since. The government had previously promised to cover policyholders' "relative loss". Speaking in the House of Lords this morning, the Queen outlined the new government's plans for the next 18 months. The Equitable Life Bill was one of 21 Bills leaked to two Sunday newspapers at the weekend, but the Queen outlined 22 Bills in tot...
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