Torbay MP Adrian Sanders today met with local residents who have been affected by the collapse of Equitable Life in 2000. Many policyholders have still been unable to gain compensation despite an independent report by the Parliamentary Ombudsman calling on Government to compensate due to overwhelming regulatory failures.
Adrian has signed motions and lobbied the Government urging them to endorse the Ombudsman’s report but so far the Government has refused to give in. The Liberal Democrats last month put forward a motion to Parliament which was narrowly defeated.
It is estimated that there are up to 2,000 policyholders in Torbay.
Adrian commented: “Despite court rulings, Ombudsman’s reports and the calls of MPs and hundreds of thousands of members of the public, the Government has stubbornly refused to compensate these policyholders who lost out due to its own regulatory failings.
The rally today is yet another high profile call for the Government to come to its senses.
I would urge anyone who is affected in the Torbay constituency who has not already contacted me on this matter to get in touch on 01803 200036.”
Recent Comments