Liberal Democrat MP Sir Menzies Campbell speaking today after the statement made in the House of Commons by the Chief Secretary to the Treasury on behalf of the Government relating to Equitable Life said:
“This statement is entitled to a cautious welcome but policy holders still have some way to go before they receive any financial compensation. The criteria, which the Government has set out, may be onerous in practice and it is by no means certain that all policyholders will receive payment nor that those who do will receive full value.
“The delay in this matter has been shameful and it was noticeable that Yvette Cooper felt in necessary to issue an apology on behalf of successful Governments.â€
