» Thursday, July 22, 2010

Equitable Life

Asked whether Equitable Life was not a massive u-turn to what had been repeatedly promised by the Conservative Party given that 50.000 people who would die had been told they would get 40% of what they thought they would get, the PMS replied that the steps that had been announced today demonstrated that the Coalition Government’s commitment had been fulfilled and that a commitment to make fair and transparent payments to equitable life policy holders had been made within two months of forming a new Government.

The PMS added that the new Government also made the commitment that the system was going to be transparent, fair to all policy holders and to the taxpayer and that we would expect payments to be made to those policy holders in the middle of next year.

Asked whether people would get the money they were promised, the PMS clarified that the size of the pot would depend on the spending review.

original source.

Briefing took place at 15:45 | Search for related news

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