Insurance Post

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 of Treasury minister Ian Pearson, over its rejection of many of the findings and recommendations in the report from the Parliamentary Ombudsman. Although this debate is being led by an MP not previously vociferous on the Equitable Life issue - Fabian Hamilton (Lab, NE Leeds) - it is hard to see Mr Pearson changing his hardline stance from the previous Westminster Hall debate last month.
Perhaps the more significant cation will take place in the High Court where the Treasury has to file its defence of the application for a judicial review of its rejection of the Ombudsman's report. While this is very unlikely to offer any concessions, it should clarify the battle lines. 
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