Government defeated in battle over Equitable Life’s collapse

After a ruling in the High Court issued by Lord Justice Carnwarth, thousands of policy holders of Equitable Life could now receive compensation from the Government. A four part report titled "A Decade of Regulatory Failure" published in 2008 by the Ombudsman, Ann Abrahams, found " serial maladministration" and recommended compensation be reached through an independent tribunal.

Equitable Life: a decade of regulatory failure (HC 815),