Govt can't calculate Eq Life comp for extra 10,000 annuitants

During a debate on the Equitable Life (Payments) Bill by the Committee of the Whole House, Evans responded to an amendment tabled by Labour MP Fabian Hamilton to pay compensation to pre-1992 annuitants. Hamilton proposes another £200m of compensation should be made available for the 10,000 pre-1992 annuitants. He said those who annuitised before 1992 have been unfairly excluded from the government's proposed £1.5bn compensation package, which he claims is "still insufficient". "It is essential that companies providing products can be trusted to deliver," Hamilton said. He added the...