Treves may stand as MP

EQUITABLE Life chairman Vanni Treves may stand as an MP in the next general election, in a bid to force the government to accept the damning findings of an Ombudsman report into the life insurer&rsquo;s failure.<br /><br />Treves is being urged to stand as an independent member of parliament by a group of Equitable policyholders, who continue to be denied compensation from the government after losing money when the firm collapsed.<br /><br />A source close to the chairman, who has led the policyholder fight since taking over in 2001, told CityA.M. he is increasingly seeing a political entry as the only way to ensure justice is done.<br /><br />&ldquo;He is looking for a way in which he can fight for the policyholders,&rdquo; he said. &ldquo;He&rsquo;s very angry at the way the government has paid compensation to Northern Rock and even over Icelandic bank failures, but has not yet said anything firm about this.&rdquo;