The Ombudsman decision to revisit the Equitable Life issue is a brave one. What else can she do, when her findings of maladministration by Labour’s Regulators have been ignored by the government, refusing to offer compensation as recommended?
The Conservatives have pushed the government to offer some compensation, given the obvious regulatory failings, and have said they will introduce a scheme.
What is the point of this government’s expensive regulators, if they drop the ball so badly? And what is the point of an expensive Ombudsman, if her critical report is ignored? Labour tell us we need to live ina world of Regulators and auditors, of Ombudsmen and investigators, all paid for by taxpayers,yet when the government is found wanting nothing happens.