We were conned into investing, couple claim

THE Government has been accused of being “worse than useless” for its lack of support for thousands of Irish who lost a major portion of their pension savings as a result of the near-collapse of British insurance society, Equitable Life.

A European Parliament committee has begun hearings into the Equitable Life debacle in which 6,500 Irish investors lost out millions of euro of promised returns on their pension investments.

A retired couple from Dublin who bought policies from Equitable, Pat and Beatrice Knowd, yesterday gave evidence to the committee in Brussels.