Submitted on Monday 14th December 2015
Published on Friday 18th December 2015
Current status: Closed
Closed: Saturday 18th June 2016
Signatures: 21
Tagged with
Compensate 10,000 pensioners denied payment by Treasury creational fiction
In 2010 parliament introduced a bill to compensate 1 million annuitants who were with Equitable Life Assurance .Mark Hoban a treasury minister inserted an amendment which denied 10,000 annuitants any compensation because they started their policy before 1st September 1992
When an annuity is commenced the annuitant is completely dependent on the financial performance of the provider therefore when the Equitable became insolvent in 1999 ALL annuitants suffered equally .To deny compensation to 10,00 policy holders who commenced in a period when maladministration was said to be non-existant but suffered from it for 7 years is wrong and impossible to understand.
More information https://dl.dropboxusercontent.com/u/19932445/The%20%20Equitable%20Amendment.pdf
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