Proceeding contribution from Chris Leslie (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
The Minister has put on record some helpful information about the timing of the payment arrangements, and I do not think that it would add a great deal if we were to press the amendment to the vote. I therefore beg to ask leave to withdraw the amendment. Amendment, by leave, withdrawn. Amendment proposed: 7, page 1, line 7, at end insert—"““In determining the amount of the payments that it is appropriate for the Treasury to authorise under subsection (2), the Treasury must have regard to such matters relating to the adverse effects of that maladministration on those persons and the proper calculation of their resulting losses as have been determined by the Parliamentary Commissioner for Administration to be relevant to and appropriate for that calculation.””.—(Frank Dobson.)" Question put, That the amendment be made. Question negatived. Amendment made: 6, page 1, line 20, at end insert—"““( ) The functions of the Director of Savings include anything the Director is appointed by the Treasury to do in connection with payments to which this section applies.””.—(Mr Hoban.)" Question put forthwith (Standing Order No. 68), That the clause, as amended, stand part of the Bill. Question agreed to. Clause 1, as amended, accordingly ordered to stand part of the Bill. Clause 2 ordered to stand part of the Bill. The Deputy Speaker resumed the Chair. Bill, as amended, reported. Bill, as amended in the Committee, considered. Third Reading
Secondary information
- Type
- Proceeding contribution
- Reference
- 518 c341
- 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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