Equitable Life compensation bill "imminent"

Writing in the Telegraph over the weekend, Financial Secretary to the Treasury Mark Hoban confirms that a bill will be introduced before parliament rises for the summer recess to allow "fair and transparent" payments to more than one million policy holders who lost money as a result of the pension company's financial problems. The short time line shows the government's commitment to deliver on the Parliamentary Ombudsman's recommendations made two years ago, Mr Hoban says. The measure to establish an independent payments scheme was one of 22 bills announced in the Queen's Speech. I...