Equitable Life savers lose out

CUSTOMERS of the collapsed life insurer Equitable Life are set to miss out on compensation because of Treasury failings, according to a report released today by MPs.

The public accounts committee says up to a fifth of eligible policy holders could miss out completely by the March 2014 deadline. “Between 200,000 and 236,000 people might never receive any money because the Treasury believes it may be unable to trace them,” said Margaret Hodge MP.