Updated 3rd November, 2017

EMAG exists to campaign for full government compensation. Will members of EMAG please note that because of pressure of work we regret it is not possible to answer individual written enquiries.

A short video which explains what EMAG is fighting for.

Quote of the Month

“What estimate he (Stephen Barclay MP, Economic Secretary to the Treasury) has made of the number of Equitable Life policyholders who have received payments of less than a quarter of their relative losses. [PQ: 110748]

When he next plans to meet representatives of the Equitable Members' Action Group. [PQ: 110749]?

Parliamentary Questions lodged by Layla Moran, the new Liberal Democrat MP for Oxford West, on 1st November, 2017

Layla Moran MP with EMAG's Paul Braithwaite
Layla Moran MP with EMAG's Paul Braithwaite at the APPG Reception in the Palace of Westminster, 11th October

The APPG's Reception 11th October

The Reception in Parliament, sponsored by EMAG, was a resounding success! Six dozen MPs (or their representative researchers) attended. They met face-to-face more than 40 EMAG members from all over the Great Britain, including the whole of EMAG's board.

To loud applause, Conservative joint-chair of the APPG, Bob Blackman, told attendees that the APPG would simply not rest until justice has been done for the victims of the scandal.

You can see a selection of photos of the day here.

APPG: Now with Executives from all Parties

The “Justice for Equitable Life Policyholders” APPG group currently has 211 MP members and rising.

In addition to the long-term joint-chairs Bob Blackman (Conservative) and Fabian Hamilton (Labour) and secretary Stephen Lloyd (Liberal Democrat), members of the other Parties have now been endorsed by an EGM as the Executive: Mhairi Black MP (SNP), Jim Shannon MP (DUP) and Hywel Williams MP (Plaid Cymru).

With the ultra-vulnerable state the Government finds itself in, with no working majority, things look more promising for us than they have done for years. The power of backbenchers has greatly increased.

Bob Blackman recently wrote to City Minister Stephen Barclay MP to invite him to attend an especially to be convened APPG meeting.

The EMAG annual Report and Accounts

All EMAG members should have received through the post our Report pack with accounts, the annual review and an invite to attend the AGM in Birmingham on Wednesday 8th November. In fact, membership renewals have been pouring in - which is heartening confirmation of on-going support for EMAG.

If however, as an EMAG member, you have still not received it (and please check thoroughly that you didn't set it aside), please send an email with your correct home address and the message “NO PACK RECEIVED” in the subject box, to: paulbraithwaite@gmail.com).

EMAG's successful Westminster Rally, 22nd October, 2014

EMAG's campaign objectives

EMAG will campaign until fair compensation is awarded to the million victims of the Equitable Life scandal.

For the majority 945,000 victims

95% of Equitable's with profits policyholders have received just 22% of the Treasury's calculation of their ‘relative losses’ without any interest paid from 2009 onwards.

With the economy at last recovering, we are campaigning for a commitment that victims will receive the missing 78% of their compensation entitlement.

For the pre–1992 WP Annuitants

We are campaigning to get MPs to insist that the 10,000 pre–September 1992 WP Annuitants are compensated on exactly the same terms as those who took their WP Annuity after that date. We view the current flat rate £5,000 as a welcome down–payment.

For the post–1992 Annuitants

For the 37,000 WP Annuitants who are receiving an alleged ‘100% of their relative losses’ we are seeking dialogue with The Prudential to see why annuity payments continue to fall every year.