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Equitable Life

I am grateful, because the right hon. Gentleman said that he had decided to adopt a different route from the method proposed by the ombudsman—that is to say, the route proposed by Sir John Chadwick. Given that, and if there is to be no suggestion of cynicism, is it not all the more important that the right hon. Gentleman takes on board the comment that several people made when he was present at the meeting of the all-party group on justice for Equitable Life policy holders—namely, that there should be the maximum transparency in disclosing the report's methodology and the other working documents that were made available to Sir John Chadwick? If there is to be less than full recompense, it is important that people know the basis on which the pay-out—whatever it is—is ultimately arrived at.