The government has been criticised for failing to keep its promise to have a
decision by the end of next week on whether to establish a compensation fund for
Harriet Harman, Leader of the House of Commons, told MPs yesterday that the
government would not be making a statement on Equitable until the week beginning
January 12, when Parliament sits after the Christmas break, The Times
The decision, already delayed once, has left more than a million
policyholders, who lost an estimated £4bn when Europe’s oldest mutual nearly
collapsed, waiting until next year to learn the outcome.
The lack of action has angered Vanni Treves, Equitable Life chairman. ‘It is
an outrage that the Prime Minister continues to treat our policyholders with
such contempt,’ he said.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK