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Proceeding contribution from Fabian Hamilton (Labour) 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

I am grateful to the Minister for his clear explanation of his rationale for the compensation scheme. I am afraid, however, that I still do not accept the argument that the cut-off should be absolute and rigid and that those who took out annuities before 1 September 1992 should not receive any compensation or be eligible in any way. As I do not fully accept his argument, I will press amendment 1 to a vote. Question put, That the amendment be made. The Committee divided: Ayes 76, Noes 301.


Secondary information

Type
Proceeding contribution
Reference
518 c323 
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