Updated 18 December, 2020

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.

EMAG member Alan talks about why the government needs to settle the debt owed as a result of a decade of government maladministration.

Daily Telegraph covers MPs' call for full compensation

The Daily Telegraph front page on 8 December covered the news that over 140 MPs – including now 74 Conservative MPs – have signed a ‘Statement of Resolve’ calling for full compensation to be paid and for a select committee inquiry into the accuracy of payments made to date. The text of the Statement of Resolve is available here. The Daily Telegraph article is available by clicking the image below.

Daily Telegraph covers MPs' call for full compensation - with picture of Honor Blackman protesting outside parliament

The case for justice also made in The Times

Co-Chairman of the All-Party Parliamentary Group Bob Blackman MP and former Cabinet minister Rt Hon David Davis MP wrote a joint article published in The Times on 1 December calling for full compensation for Equitable Life policyholders. They said:

“We are determined to continue to represent the victims of this scandal and push for the fairness and transparency that we, the Conservatives, promised them in 2010. As the prime minister said earlier this year, no one should be penalised for doing the right thing. As we mark ten years since a Conservative-led government first promised action, we must once and for all put right the wrong that Equitable Life victims suffered because of institutional failings and we must do so now.”

The article is available to read by clicking the image below.:

The Times Headline - Ten Years on, we must right the wrongs of Equitable Life scandal

APPG membership continues to grow – now at over 270

Membership of the All-Party Parliamentary Group has now grown to over 270 Members of Parliament. It is believed to be the largest APPG in the current Parliament. You can see if your MP is a member here.

EMAG members and MPs demonstrating in Westminster.

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.