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Lorely Burt calls for fair deal for Equitable Life victims

October 8, 2010 9:00 AM
Lorely Burt

Solihull's Liberal Democrat MP Lorely Burt

Solihull's Liberal Democrat MP Lorely Burt has urged the government to ensure that victims of the Equitable Life collapse receive a fair level of compensation.

By adding her name to a letter to Treasury Minister Mark Hoban, Lorely has expressed her support for a just solution to the long running scandal caused by the collapse of Equitable Life in 2000.

Speaking earlier today, Lorely said "The Labour government betrayed these people by failing to deal with this disaster, but the coalition has demonstrated that they will not do the same. We made a promise to these victims and we've already started to deliver on this. But we have to make sure that the deal is an honourable one, based on the recommendations of the Ombudsman's report."

The government is due to announce the level of compensation on October 20th, as part of the Comprehensive Spending Review, and Lorely believes that it is vital that the interests of Equitable Life victims are protected.

Lorely added "These people were taking responsibility for their own futures by investing in their pensions and many of them have lost everything. They have suffered so much already and we should not punish them further by reducing the level of compensation to an unfair level."