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Proceeding contribution from Iain Duncan Smith (Conservative) in the House of Commons on Thursday, 15 January 2009. It occurred during Ministerial statement on Equitable Life.


Equitable Life

Will the right hon. Lady reflect on what she has just said? Surely the simple question is whether the Government were culpable in any shape or form, and today the Chief Secretary has admitted that they were. She has apologised, and that apology is accepted. Surely the reality is that the money lost is money lost. If the Government have any involvement in the process, they have a duty to ensure that those other people are properly compensated and not to investigate who has a right to be compensated and who has not just because some are slightly better off than others.


Secondary information

Type
Proceeding contribution
Reference
486 c385 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Compensation Insurance companies Financial Services Authority Equitable Life Assurance Society Maladministration Parliamentary Commissioner for Administration Regulation Government responses Ex gratia payments
Link
View this Proceeding contribution on www.publications.parliament.uk