The Judicial review was brought after (EMAG) Equitable members action group challenged the Govt’s lack of support.

Paul Braithwaite of Emag said as a result of this, the scope of the compensation of the eventual “ex-gratia” scheme being devised by Sir John Chadwick would now be much wider.

“The effect of today’s ruling is to roll back eligibility to the date originally proposed by the Parliamentary Ombudsman,” he said.

“If Emag’s members had not paid for this legal action, there’s little doubt that, despite the Parliamentary Ombudsman’s recommendations for substantial compensation, the Government would have got away with limiting payments to a small number of Equitable’s victims for losses post-1999,” he added.

Finally some positive news.

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