SNP MP blasts 'historic injustice' of Equitable Life scandal after minister says issue 'closed' AN SNP MP has blasted the inaction of UK Government ministers to tackle the "historic injustice" of the Equitable Life scandal. Alyn Smith, MP for Stirling, spoke about the crisis affecting thousands of Scots during a debate on the subject today. He highlighted figures provided by the Equitable Members’ Action Group that show 135,700 people across Scotland, and 2300 in his own constituency, are owed on average £3,700 each following the near-collapse of the oldest mutual insurance firm in the country. One of the country's worst financial scandals, the downfall of Equitable Life happened more than two decades ago but thousands of people are still out of pocket.