MPs unhappy with Eq Life compensation

A total of 29 MPs signed an early day motion saying they were dissatisfied with Sir John Chadwick's review. Conservative member Bob Spink put forward the motion in February, after the Government announced only some affected policyholders would be eligible for compensation. The motion says: "This house notes with concern that the government has declined to accept the Parliamentary Ombudsman's recommendation on a tribunal to ensure that fair compensation is paid to Equitable Life members who suffered losses, but is instead using the Chadwick Process which fails to command the confidence o...