Skip to main content

Written question asked by Phil Woolas (Labour) on Wednesday, 23 June 2010, in the House of Commons. It was due for an answer on Monday, 28 June 2010. It was answered by Mark Hoban (Conservative) on Tuesday, 29 June 2010 on behalf of the Treasury.


Equitable Life Assurance Society: Compensation

Question
To ask the Chancellor of the Exchequer pursuant to the written ministerial statement of 26 May 2010, Official Report, columns 51-52WS, on Equitable Life, what progress he has made on his plans to make fair and transparent payments to Equitable Life policyholders, through an independently designed payment scheme; and if he will make a statement.
Answer

Sir John Chadwick is advising the Treasury on the relative losses suffered by Equitable Life policyholders in relation to those accepted cases of maladministration resulting in injustice. He will submit his report by mid-July.At that time, the Government will publish Sir John's report alongside a detailed update on the next steps towards implementing an independently designed payment scheme.


Secondary information

Type
Written question
Reference
4510; 512 c499W
Session
2010-12
Related items
Equitable Life
Wednesday, 26 May 2010
Written statements
House of Commons
Subjects
Compensation Equitable Life Assurance Society
Link
View this Written question on www.publications.parliament.uk