GOVERNMENT RESPONSE TO EQUITABLE LIFE REPORT
Government response to Ombudsman ReportMon Jan 19 2009
The Government has responded to the Parliamentary Ombudsman’s Report into the prudential regulation of the Equitable Life Assurance Society from 1988 to December 2001.
The Government is to set up a scheme to provide ex-gratia payments for those who have been most heavily affected by events at Equitable Life. The Government has also apologised on behalf of public bodies and successive Governments stretching back to 1990 for the maladministration that it believes took place.
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