Disgruntled members of Equitable Life, the troubled mutual life assurer, have taken their fight for compensation to the European Commission.
The Equitable Members Action Group, an independent association of Equitable members and policyholders, has asked the Commission to institute legal proceedings against the government for what it alleges is a failure to implement a number of European directives. It claims that the directives would have provided greater protection for Equitable policyholders if they had been in place.
