compensation

The Government has rejected renewed calls to provide compensation to Equitable Life policyholders who lost out when the insurer was forced to close to new business in 2001.

Equitable Life members have been given the go-ahead to take the Government to court over its failure to offer full compensation.

MPs today accused the Government of seeking to delay paying compensation to victims of Equitable Life's near collapse.

The Government is under fire for sidestepping compensation for all investors in Equitable Life.

MPs are challenging the Government's decision to ignore the Parliamentary Ombudsman's recommendations on how to compensate victims of the Equitable Life scandal

Square Mile Securities Limited has been declared 'in default', leaving other adviser firms to stump up the cash to pay for compensation claims.

The FSA has begun a further consultation on changes to compensation rules for with-profits funds.

Northern Rock's shareholders have lost their legal battle to receive compensation from the Government

The Equitable Life fiasco reiterates the importance of impartial advice after customers following sales staff's recommendations are still not guaranteed their money back.

The FSA wants consumers to be compensated within seven days of a bank collapsing as part of proposals to reform the Financial Services Compensation Scheme (FSCS) .