MPs hit out over Eq Life while Chadwick in Caribbean

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MPs today accused the Government of seeking to delay paying compensation to victims of Equitable Life's near collapse.

During a debate in Westminister today, MPs suggested Sir John Chadwick was a poor choice to devise a compensation scheme, due to severe constraints upon his time. Chadwick is currently honouring a commitment as president of the Court of Appeal of the Cayman Islands. In its response to Parliamentary Ombudsman Ann Abraham's report on the Equitable Life scandal, the Government said it would create a compensation scheme to help only those worst affected by the loss of their pension fund. Sir John Chadwick was selected to design a scheme to test eligibility, but recent reports suggest he...

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