Category: Equitable Life
Right the Equitable Life wrong now
Are we finally turning the pages of the final chapter of the Equitable Life saga? You have to hope so for the sake of the many investors who have struggled along for so many years waiting for someone to admit...
Posted by David Worsfold on July 17, 2008 9:25 AM | Permalink | Comments (0)
No justice for Equitable Life policyholders
It almost seems as if there is never going to be an end to the Equitable Life saga. Last week’s announcement by Treasury minister Yvette Cooper just prolongs the agony and reinforces the feeling of “justice delayed is justice denied”....
Posted by David Worsfold on January 19, 2009 9:22 AM | Permalink | Comments (0)
More Equitable delay?
As anticipation grows that the government will be announcing a compensation package for Equitable Life tomorrow (Thursday), so does the fear that we will be looking well into 2011 before a line is finally drawn under this sorry affair. The...
Posted by David Worsfold on January 14, 2009 1:16 PM | Permalink | Comments (0)
Government reneges on Equitable Life promise
So, autumn really has turned to winter for Equitable Life policyholders as any hopes they had that 2008 might see the final pages of the saga of their quest for compensation turned were dashed. The government has reneged on its...
Posted by David Worsfold on December 16, 2008 12:18 PM | Permalink | Comments (0)
FSCS could play Equitable Life role
The next phase of the Equitable Life saga will be initiated by the government in the next couple of weeks when it announces its response to the Parliamentary Ombudsman's investigation and the report the ombudsman, Ann Abraham, submitted back in...
Posted by David Worsfold on December 2, 2008 9:44 AM | Permalink | Comments (0)
Equitable Life: the final chapter?
Is the Equitable Life saga finally staggering to a conclusion? We have had the report of the Parliamentary Ombudsman and are now waiting for the government’s response to that. Back in July when the report came out this was promised...
Posted by David Worsfold on November 20, 2008 4:58 PM | Permalink | Comments (0)
Why have the Equitable Life policyholders gone for a judicial review now?
The news last week that the Equitable Members Action Group has applied for a judicial review over the government's decision to reject the Parliamentary Ombudsman's call for proper compensation for policyholders caught me by surprise. I can't help querying their timing.The...
Posted by David Worsfold on April 20, 2009 3:28 PM | Permalink | Comments (0)
Equitable Life battle lines become more entrenched
The fight for compensation for Equitable Life policyholders is becoming more embittered at every turn. Just take a look at the tactics and the language being used by both sides over the last couple of weeks.First, the Public Administration Select...
Posted by David Worsfold on March 31, 2009 10:03 AM | Permalink | Comments (0)
Government is to be put on the spot over Equitable Life
The former shadow home secretary David Davis has secured a 90 minute Westminster Hall debate next Tuesday (19 May at 11am) on the government's response to the latest Parliamentary Ombudsman's report on Equitable Life.The debates in Westminster Hall are one...
Posted by David Worsfold on May 14, 2009 10:02 AM | Permalink | Comments (0)
Prime Minister ducks the Equitable Life issue
The steady rise of Equitable Life up the political agenda continued this lunchtime when the Conservative MP Angela Browning raised it during Prime Minister's Questions. Her question trying to tease out a government response to the damming report from the...
Posted by David Worsfold on May 13, 2009 1:49 PM | Permalink | Comments (0)
Equitable Life report is now a serious political threat to the government
The latest damming report from Ann Abraham, the Parliamentary Ombudsman, into the Equitable Life affair couldn't have come at a worse time for the government and a better time for the policyholders who, in the Ombudsman's blunt words, have been denied...
Posted by David Worsfold on May 6, 2009 9:33 AM | Permalink | Comments (0)
Little hope on Equitable Life front
The debate on Equitable Life in Westminster Hall yesterday offered precious little hope of a speedy or satisfactory resolution to the problems caused by the collapse of the mutual insurer. It must make thoroughly depressing reading for the one million...
Posted by David Worsfold on May 20, 2009 4:41 PM | Permalink | Comments (0)
Little progress on Equitable Life but pressure could build up to move the Treasury
The debate on Equitable Life in Westminster Hall yesterday ran along pretty predictable lines with MPs of all parties giving eloquent voice to the raw anger of their constituents over the length of time it is taking to get them...
Posted by David Worsfold on June 25, 2009 2:14 PM | Permalink | Comments (1)
Tomorrow is another big day for Equitable Life as both Parliament and the High Court add to the saga
Tomorrow (Wednesday 24 June) is shaping up to be another significant day in the decade long battle by Equitable Life policyholders to get decent compensation following the insurer's failure.MPs will launch another assault on the government, presumably in the shape...
Posted by David Worsfold on June 23, 2009 10:08 AM | Permalink | Comments (0)
Government survived Equitable Life vote as Labour MPs stayed loyal. What now for the policyholders?
The parliamentary arithmetic speaks for itself. 337 MPs, including 113 Labour MPs, had signed Vince Cable's Early Day Motion calling for a better deal for Equitable Life policyholders by adopting the recommendations of the Parliamentary Ombudsman. Yet, when the Liberal...
Posted by David Worsfold on October 22, 2009 10:24 AM | Permalink | Comments (3)
A glimmer of light at last at the end of the Equitable Life tunnel
Tuesday evening saw yet another debate on Equitable Life in the House of Commons. It was on a motion tabled by the Conservative front bench:That this House notes that the Ombudsman published her report on Equitable Life in July 2008,...
Posted by David Worsfold on March 18, 2010 3:24 PM | Permalink | Comments (0)
The election could be good news for Equitable Life policyholders
Suddenly, there are very few certainties in this election. Amid all that uncertainly, however, we do know that anything other than an outright Labour victory, which looks extremely unikley at the moment, should result in a proper compensation scheme being...
Posted by David Worsfold on April 19, 2010 2:14 PM | Permalink | Comments (1)
Swift move to compensate Equitable Life policyholders
As I predicted during the campaign, the election of a Parliament with a Conservative-Liberal Democrat majority has led to the searing injustice of the Labour government's failure to compensate policyholders in the failed Equitable Life being remedied.This has been a...
Posted by David Worsfold on May 13, 2010 8:54 AM | Permalink | Comments (1)
Equitable Life: it wasn't meant to be like this
The announcement yesterday by Treasury minister Mark Hoban that we are still probably at least a year away from getting compensation into the hands of Equitable Life policyholders falls some way short of the expectations that the coalition government partners...
Posted by David Worsfold on July 23, 2010 2:46 PM | Permalink | Comments (0)
100 days of the Coalition government. What has it meant for financial services?
Our first post-war coalition government has now lasted 100 days; not a great achievement in itself but a convenient moment at which to pause and consider its impact on the financial services sector.I thought it would provide an interesting perspective...
Posted by David Worsfold on August 15, 2010 5:58 PM | Permalink | Comments (2)
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David has been a financial journalist for 30 years and is currently Group Editorial Services Director at Incisive Media.
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