Equitable Life saver 'feels cheated'
Pensioners hit by the Equitable Life scandal are to make a final bid to persuade the government to pay them full compensation.
Equitable Life nearly collapsed in 2000 after failing to put sufficient funds aside to pay for guaranteed payouts it promised on some of its pensions.
Losses have been put at nearly £5bn, but the pensioners and pension savers may be promised just a tenth of that.
86 year old Henry Wilson is one of the one and a half million savers burnt by the near collapse of the company. He is yet to receive a penny in compensation.
06 Sep 2010
- From the section Business