EMAG

The independent action group for current and ex Equitable Life policyholders, funded by contributions.

Equitable Members Action Group

Equitable Members Action Group Limited, a company limited by guarantee, number 5471535 registered in the UK

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Press Releases: 04/06/2004 - EMAG announces changes to its committee

EMAG announces changes to its committee:

After two years as chairman of EMAG, Alex Henney has stepped down and his deputy, Colin Slater, has been elected in his place.

Paul Braithwaite (general secretary) said:

"Colin Slater has done exceptional work for policyholders, particularly in the supervision of the superb studies conducted by his chartered accountancy practice, Burgess Hodgson. Colin will maintain and develop EMAG's focus on government compensation for serial maladministration via the PO and through seeking to hold the UK government to account for breaches of EU Directives."

EMAG is pleased to announce the co-option of two talented accountants as new committee members: John Newman (FCA) is a chartered accountant and was until recently a member of the council of the Institute of Chartered Accountants. Stewart Simpson (ACCA retired) is Mr P, the sole complainant evaluated in the PO's study of Equitable. EMAG also announces the resignation of committee members Rodney Allen and Leslie Seymour (both of whom have also served for more than two years) for personal reasons. The committee thanked them for their sterling contributions.

EMAG's new chairman Colin Slater said:

"Over the two year period of Alex Henney's stewardship there has been a major improvement in the chances of recovering for Equitable Life policyholders public compensation for serial failure by the government as regulator. This is thanks in significant part to EMAG's concentrated attention on the Parliamentary Ombudsman, to a number of submissions to Parliamentary Select Committees and to extensive political lobbying.

I am strongly of the view that EMAG is a valuable resource for policyholders. However, it can best make its contribution if Equitable Life is willing to recognise EMAG's complementary role. To that end, EMAG has written today to Vanni Treves offering an olive branch." (see attached letter)

Ends

4th June, 2004