Proceeding contribution from Mark Durkan (Social Democratic & Labour Party) in the House of Commons on Wednesday, 10 November 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Equitable Life (Payments) Bill.
Equitable Life (Payments) Bill
That is what the hon. Gentleman is arguing. However, given that the money that we are talking about has been capped according to the Treasury's judgment of what it believes is available—that means that the overall sum to be offered by way of remedy and redress will be a long way short of what all the other assessments say—I believe that it would useful for the Committee to accept an amendment that would allow us to ensure that the parliamentary ombudsman has some say in overseeing the measures. Under the circumstances, that is fair and reasonable, but if the hon. Gentleman is so content that the scheme as it stands meets everything that the ombudsman has said, he should see such an amendment as adding no particular stress or difficulty for the scheme. Such an amendment would be a way of offering public assurance after all the doubts that have been raised about how Government and Parliament have dealt with the issue.
Secondary information
- Type
- Proceeding contribution
- Reference
- 518 c310
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Financial services Insolvency Equitable Life Assurance Society Pensioners Payments Equitable Life Ex-gratia Payment Scheme Review Ex gratia payments National Savings and Investments
- Legislation
- Equitable Life (Payments) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 13:19:48 +0000
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