Early day motion tabled by primary sponsor Christopher Chope (Conservative), on Thursday, 21 March 2002, in the House of Commons. It is signed by 103 members in total.

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EQUITABLE LIFE

That this House notes that the Treasury Committee took evidence on 30th October 2001 and 13 November 2001 in relation to the regulation of Equitable Life; is concerned that the Government no longer expects Lord Penrose to report in 2002; regrets that the Treasury Committee has no plans to take further evidence or investigate the conduct of the Treasury as regulator of Equitable Life; calls upon the Committee to resume forthwith its Inquiry and, in particular, to investigate the reasons underlying the length of time needed for the Penrose Inquiry, including delays resulting from the non availability of documents covering the period when the Treasury was the regulator; congratulates the Parliamentary Ombudsman on the progress being made in his investigation of alleged maladministration by the regulator during 1999 and 2000; and calls upon him now to extend his investigation to the period prior to 1999 to ensure speedier justice for Equitable Life policy holders.

Amendments

The Early day motion has received an amendment.

EQUITABLE LIFE (1053A1)

The Early day motion has received an amendment sponsored by Lord McFall of Alcluith (primary, Labour) and tabled on Tuesday, 26 March 2002. It has been signed by 19 members in total.

leave out from 'Life' to end and add 'would be concerned if Lord Penrose was unable to complete his report in 2002; and notes that the Treasury Committee decided in January 2002 to continue its inquiry when Lord Penrose has reported.'.

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Secondary information

Type

Early day motion

Reference

1053 

1053A1 

Session

2001-02

Subjects

Inquiries Insurance companies Equitable Life Assurance Society Maladministration Equitable Life Independent Inquiry

Link

View this Early day motion on www.parliament.uk