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David Goodall

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​ Equitable Life Pension Policies

May 3, 2015 9:00 AM
Thank y​ou for contacting me about this important issue of justice for policy holders of ​Equitable Life.
​My understanding of the current position is:-​

There have been 10 Early Day Motions on the Equitable Life scandal, but they dried up in 2009, though there is an All Party Parliamentary Group looking at the issue. In my view they need to do more than just look.

The members of EMAG are quite rightly still seeking full compensation and have even offered to take part payment per year over the next parliament until the money is fully compensated. Surely it's time to put this scandal to bed? Too many claimants have already died waiting.

​I believe the government as made I start on compensating the victims of this scheme but I don't believe the compensation offered is yet enough. Therefore if elected I will press the government to increase the payments to the known and traced victims. Particularly as there appears to be over £500 million sat in a pot that could be used to help people and is currently not helping anyone. Therefore, as soon as, I know the procedures of the House, I will be very happy to introduce a new Early Day Motion to ensure that this matter stays under constant vigilance and I will work to ensure that policyholders get the full compensation that they should have had well over a decade ago.

There is no official party policy on this issue, but I know there are are many candidates from around the country willing to press this in the next parliament.

I hope this answers your question.