It sure does. Unfortunately some of those whose life savings were sabotaged by the near collapse of this company have died and will never receive the compensation they were due. The Govt is duty bound to provide recompense to the many people who placed their faith, and their money, into this company – just as it has bailed out Northern Rock and Bradford and Bingley.
However, the case of Equitable Life is different. The Govt was clearly lax in it’s supervision of the company’s administration and so now must answer to it’s mistakes – it will remain a thorn in Gordon Brown’s side until this happens.
For details on what’s happening in this regard to date follw this link…emagregional.org.uk
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