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21 October 2009

Barrett demands fairness for Equitable Life policy holders

John Barrett, Liberal Democrat MP for Edinburgh West today hit out at the Government for failing to properly compensate Equitable Life Policy Holders who lots their savings in the collapse of Equitable Life.

Mr Barrett was speaking in parliament in support of a Liberal Democrat motion calling for the Government to do more to help Equitable Life Policy Holders who lost their retirement savings when the mutual company collapsed.

Speaking in parliament, Mr Barrett said:

“The last time I was called to speak in this house to debate a Liberal Democrat opposition day motion it was on an issue of fairness and justice. That day it was for the Gurkhas and common sense and decency prevailed – Equitable Life Policy holders will be hoping for more of the same today.

“We have now had 2 Ombudsmans report, a damning Public Administration Committee report, and a high court ruling all of which have concluded that there is an injustice that remains un-remedied. It is time for the Government to stop dragging its heels while policy holders suffer.

“Constituents of mine who have lost significant sums of money are justified in asking - why is Equitable Life treated so differently from a failed bank? I have no good answer for them.”

John was speaking in Parliament yesterday in support of a Liberal Democrat motion calling for the Government to do more to help Equitable Life Policy Holders

John was speaking in Parliament yesterday in support of a Liberal Democrat motion calling for the Government to do more to help Equitable Life Policy Holders

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This website was established while I was a Member of Parliament. The site content is being kept online as a source of information, but all forms / email have been disabled.