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Andrew Mitchell MP delivers on promise for Sutton’s Equitable Life pensioners

Following years of battling for fair treatment and compensation on behalf of Sutton’s Equitable Life pensioners, Andrew Mitchell MP has today written to all those constituents who contacted him after they were affected by the fiasco to tell them that the new Government will now make payments in accordance with the Ombudsman’s original recommendations.

In his letter to constituents Andrew says:

“As you are aware I strongly believe it is time for Equitable Life’s policyholders to receive the justice they deserve. The last government failed all those who have suffered from the Equitable Life debacle and sought at every stage of the process to block, frustrate and delay justice.

“The new Government has made clear that it will now implement the Ombudsman’s recommendation to make fair and transparent payments to Equitable Life policy holders, through an independent payment scheme, for their relative loss as a consequence of regulatory failure.

”In her speech on Tuesday (25 May) the Queen confirmed the Government’s plans to introduce legislation to start repaying Equitable Life policyholders saying:

“Legislation will reform the framework for financial services Regulation and implement the Government’s commitment to make fair and transparent payments to Equitable Life policyholders.”

Andrew Mitchell MP said, “I am extremely pleased that we are finally able to put into action the Ombudsman’s recommendations – recommendations that were originally put to the House in July 2008 and which the previous Labour government disgracefully ignored.”

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