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Proceeding contribution from Fabian Hamilton (Labour) in the House of Commons on Wednesday, 24 June 2009. It occurred during Adjournment debate on Equitable Life.


Equitable Life

Per day—okay, I shall correct the record and say "per day," if that is what the Library note says. I thank the right hon. Member for Haltemprice and Howden for his remark, but my point was based on the fact that, if few of us save for our retirement because we have no confidence that the system will yield sufficient return, it will cost the Treasury and the state considerably more. I was not referring to those who die each day. Finally, does the Minister accept that the phrase "injustice unremedied" has real meaning to many people and that it is about time that hundreds of thousands of investors received real justice? If she were able to answer those questions positively, I believe that this injustice could be brought to an end rapidly and that the Government would receive credit for their resolution. If not, I fear that resentment and bitterness will continue, at huge cost to the individuals who have suffered and to the country as a whole.


Secondary information

Type
Proceeding contribution
Reference
494 c275WH 
Session
2008-09
Chamber / Committee
Westminster Hall
Subjects
Complaints Compensation Inquiries Insurance companies Insurance Equitable Life Assurance Society Maladministration Ombudsman Parliamentary Commissioner for Administration Government responses
Link
View this Proceeding contribution on www.publications.parliament.uk