Coalition Delivers Action For Equitable Life Savers

3.06.57pm BST (GMT +0100) Thu 22nd Jul 2010

On Thursday 22nd July, the Coalition Government announced that it will be introducing a Bill to compensate Equitable Life policyholders.

MP for Bristol West and Co-Chair of the Liberal Democrat Treasury Policy Committee, Stephen Williams said that:

"The Labour Government had 10 years to help the those who had their lives ruined by the collapse of Equitable Life and did nothing.

"In just 10 weeks the Coalition Government has taken real action to ensure that those who saw their pensions and life savings hit hard get the compensation they deserve.

"Liberal Democrats have long campaigned for proper compensation for Equitable Life policyholders and committed to it in our election manifesto. This announcement is further proof of our influence in Government."