The Coalition Government has already made £734 million in payments but despite the good progress wants to ensure they reach even more policyholders in order to give them the payment they are due for the injustice they suffered.

Commenting Jo said:
“The Labour Government ignored the millions of people who had lost their savings thanks to their mismanagement. Locally I heard from local residents who had lost up to half their pensions because of this fiasco.

“In three years, Liberal Democrats in Government have created a compensation scheme and paid out the best part of three quarters of a billion pounds.

“Any policyholder who believes themselves to be eligible for the Scheme, but who has not yet been contacted, is encouraged to call the Scheme directly on 0300 0200 150.”

The full text of the written statement to the Commons is available here:http://www.publications.parliament.uk/pa/cm201314/cmhansrd/cm131009/wmstext/131009m0001.htm#13100970000004