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Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Wednesday, 21 October 2009. It occurred during Opposition day on Equitable Life.


Equitable Life

I cannot find the exact phrase in the few seconds that I have been given, but it was very clear that the process should be expeditious and humane. That is where we are in terms of the ombudsman’s approach. She also said:""It is clear to me from the Government’s response to my report and from the further evidence given to the Select Committee on behalf of the Government…that, whatever the outcome of the work to be done by Sir John Chadwick, a full remedy will not be forthcoming for the injustice resulting from the maladministration I found had occurred in the prudential regulation of Equitable Life."" In other words, she had already concluded that the Government mechanism did not allow justice to be delivered through compensation and that the process was fundamentally wrong.


Secondary information

Type
Proceeding contribution
Reference
497 c924 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Compensation Insurance companies Equitable Life Assurance Society Maladministration Parliamentary Commissioner for Administration Regulation Government responses Equitable Life Ex-gratia Payment Scheme Review Ex gratia payments
Link
View this Proceeding contribution on www.publications.parliament.uk