Proceeding contribution from Liam Byrne (Labour) in the House of Commons on Wednesday, 21 October 2009. It occurred during Opposition day on Equitable Life.
Equitable Life
All I can do is point to the ombudsman’s recommendation for, and assessment of, when her proposed compensation scheme would be up and running and have concluded its business. That best-case assumption was December 2010. When we and, indeed, Sir John Chadwick looked at what running that scheme would entail, we found that it was a pretty conservative estimate of how long it would take to get through the business. I think that Sir John’s approach is right and offers a swifter route to justice.
Secondary information
- Type
- Proceeding contribution
- Reference
- 497 c932
- 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
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- 2024-04-21 13:21:46 +0100
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