Mark Hoban

Equitable Life has called on the Government to honour the Ombudsman's recommendation to make fair payments to policyholders.

Mark Hoban, the City minister, will use a speech to an audience of top bankers and business leaders tomorrow to flesh out the coalition's plans to tear up Labour's regulatory system and disband the FSA.

With the next General Election just under a month away, political parties will be getting their manifestos ready to launch next week.

The Tories say they will scrap means testing for Equitable Life victims if they are elected.