Proceeding contribution from Bob Blackman (Conservative) 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
Clearly, if exorbitant bonuses were attached to certain policies, the policyholders would not be due compensation and they would not receive a penny piece. Remember, we are talking about compensation. We cannot take money off policyholders who have been receiving pensions. Parliament just cannot do that; it would be a retrograde tax and therefore unacceptable. Those who are due compensation should receive it, but those who are not due any would not receive any, and if they have benefited in the meantime, well, that is fine and dandy for them.
Secondary information
- Type
- Proceeding contribution
- Reference
- 518 c314
- 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
Librarians' tools
- Timestamp
- 2023-12-15 13:22:36 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_679206
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