Ombudsman ruling on Equitable Life could pave way for £4bn compensation payout

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THE GOVERNMENT is set to be found guilty of failing to regulate Equitable Life properly - a move that could leave it liable to pay billions of pounds in compensation.

The Sunday Times said that a report by the Parliamentary Ombudsman – due to be published in May – is expected to conclude that government regulators were guilty of maladministration by failing to s...

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