Government to create Equitable Life compensation commission

"If the government offers 20p in the pound there will be outrage" - yes what a waste of tax payers money bailing out more financial failure. The government are far too generous with MY money.

Most importantly it was Government and regulatory failure on a grand scale. If the words 'Regulated by the FSA' are to mean anything at all then full compensation should be paid to Equitable Life victims.

Chris,

Because of negligent failure by a Govt dept thousands of people who had done the right thing lost a vast amount of money. It is right that they are compensated. Just because they may be "middle class" doesn't mean that they should be denied what is due to them. Labour ignored them for this reason. If they had been miners or teachers or other potential supporters Brown would have used your money to pay up sharpish

And yet the govt is no doubt paying the chief architect of the refusal to pay for 10 his salary and expenses, although he has yet to appear in parliament to be sworn in, whilst he potters around Kirkcaldy playing daddy for his kids and mummy.

He is not only a waste of money and space, but a disgrace for someone who should have been looking after the interests of ALL.

Thanks to him my pension is only 4 figures as opposed to what it should have been, 5 figures, even in theses straightened times!

My I propose that until he compensates, from his salary and pensions, those he robbed and Equitable life policy holders he receive receives not one brass farthing for pay and pension? That goes for all Labour MPs in the parliaments since 1997, and of course Lady Rio of Mandelbum..

Since when does Citywire allow abusive homophobia comments from snoekie. Snoekie is obviously irredeemable . I hope Citywire is not.

The Coalition undoubtedly has better intentions than its predecessor (which slagging off at this point seems a total waste of space). Unfortunately, establishing a new commission, followed by its no doubt lenghty considerations, is likely to put off settlement to a time which will be too late for many of those of advancing years.

Homophobia=: irrational fear of, aversion to, or discrimination against homosexuality or homosexuals

Er, Um, I am not attacking the sexual proclivities of the man, which appeared to be quite normal.

I am, however, attacking the man and his policies, integrity and his obligation to his electorate and to Parliament.

I'm not aware of him having attended Parliament to date, this new parliament, and accordingly not having been sworn in but no doubt is drawing down expenses and salary, and possibly even pensions.

Perhaps foggiest will also now justify the 2 kitchens that were installed in premises belonging to the former PM, one in his Scotland home, and one in his London home, by flipping, at the taxpayers expense.

The man was an MP, not a chef to the MPs! It clearly does not fall within the definition of being an expense wholly necessarily and exclusively incurred in the discharge of his parliamentary duties, the over riding rule and obligation.

I just hope and pray that those of us who lost much of our pensions due to the Equitable debacle get some compensation. My wife and I have suffered much due to the massive reduction of our pension and then inflation has exacerbated matters further. There are many pensioners who were unable to find work following retirement and therefore could not compensate for the loss in pension.

Come, come foggiest, no response/justification for your hero and his tea leaf ways??

You were quick to carp (wrongly). Wot? No support for the man and his tea leaf ways?

Tsk, tsk.

Can someone please tell me what a 'relative' loss is? Is it the actual amount I lost or some imaginary figure? If the later, how is it calculated?