Ombudsman takes rare action against Eq Life plan

This is only the fifth time in 42 years the ombudsman has used its powers to lay a special report before MPs to highlight an "injustice" that has not been righted. In a letter published today, Abraham criticises the Government for rejecting many of her recommendations relating to its handling of problems at the collapsed insurer. She dismissed the Government's latest proposals, announced last week, for a compensation amount of between £400m and £500m as "unsafe and unsound". Abraham said it was clear from the Government's response to her original findings that "not everyone who has...