Equitable Life Compensation Bid
Published / Last Updated on 05/09/2010
Equitable Life Compensation Bid
by Ashley Clark, Director
The Equitable Members Action Group (EMAG) is expected to make its final submission to the Government to pay compensation for pensioners affected by the ailing insurance group.
Equitable Life collapsed on the back of the sale of guaranteed annuity pensions and it not being able to afford to pay the guaranteed pensions.
There are people who fall within compensation timescales and some that do not not.
The Government will make its final decision next month on the type of and level of assistance it is prepared to offer.
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