We get an update from Graham Richards on how things are currently with EMAG who are still fighting for compensation from the UK government following the Equitable Life collapse.

Equitable policyholders in protest

Policyholders of Equitable Life staged a protest at the Labour Party Conference calling for the Government to compensate them.

The group, which carried a coffin and wore T-shirts saying "30,000 dead waiting for justice", demanded that the Government act on the Parliamentary Ombudsman's recommendation to pay them redress. They said the coffin, which bore the words "It wasn't an Equitable Life after all, Henry", represented the 15 Equitable Life pensioners who die every day.

Protester Paul Weir said: "We've been waiting seven years for the Government to do the right thing - its cynicism in setting up delay after delay has got to stop.

"Two months after the Parliamentary Ombudsman found Government regulators guilty of 10 counts of maladministration, the Government has yet to respond and while they play for time, 15 Equitable pensioners are dying every day who will never see a penny in compensation."

In July the Parliamentary Ombudsman Ann Abraham published her long-awaited report into the Government's regulation of Equitable life.
Her report found evidence of "serial regulatory failure" for more than a decade, and she said the regulators' actions were "largely ineffective and often inappropriate" despite them being aware of the society's growing problems.

She called on the Government to apologise to Equitable policyholders and compensate them for any money they lost as a result of its regulatory failure.

The Government said it would not respond to the report until the autumn.

The number of people who have made contact with Graham has increased steadily as has the number of MP's who also