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Adjournment debate on Tuesday, 27 January 2009, in the House of Commons, led by Steve Webb. The answering member was Angela Eagle.

Equitable Life

Westminster Hall adjournment debate on the Government's response to the Parliamentary Ombudsman's report on Equitable Life.

Secondary information

Type
Parliamentary proceeding
Reference
487 c24-48WH 
Session
2008-09
Department
Treasury
Chamber / Committee
Westminster Hall
Related items
Proceeding contributions
Angela Eagle | 487 c46-7WH (Link to this contribution) If I had not already been aware of the degree of worry about these issues before attending and liste...
Lord Tyrie | 487 c47WH (Link to this contribution) Is the Minister prepared to tell us clearly whether it is the Government's view that people should b...
Show all contributions (72)
Angela Eagle | 487 c47WH (Link to this contribution) Those are precisely the issues and calculations that we have asked Sir John Chadwick to consider in ...
Alan Duncan | 487 c47-8WH (Link to this contribution) The House will be slightly, if not totally, dismayed at the apparent lack of sympathy or sense of ju...
Angela Eagle | 487 c48WH (Link to this contribution) I shall try to deal with some of the issues about interim payments and other payments that have been...
Speaker | 487 c48WH (Link to this contribution) Order. We now move to the next debate. Will Members leaving the Chamber please do so quietly?
Mark Hunter | 487 c27WH (Link to this contribution) Is my hon. Friend as struck as I am by the contrast between the Government's approach on this issue ...
Steve Webb | 487 c27WH (Link to this contribution) My hon. Friend is absolutely right. Other bail-outs have been provided—one thinks of the situation i...
Bob Spink | 487 c27WH (Link to this contribution) The hon. Gentleman will be aware that the Government are relying on the earlier Penrose report, whic...
Steve Webb | 487 c27WH (Link to this contribution) They have indeed. The Chief Secretary has quoted selectively from Penrose. Penrose goes on to say th...
Steve Webb | 487 c26WH (Link to this contribution) It is all right; no one knows where Northavon is. The hon. Gentleman makes a serious point: the proc...
Peter Bottomley | 487 c27WH (Link to this contribution) Does the hon. Gentleman agree that one necessary task for the Prime Minister is to explain why the C...
Steve Webb | 487 c27WH (Link to this contribution) If members of the Liaison Committee raised the point with the Prime Minister, I would welcome that. ...
Andrew Turner | 487 c28WH (Link to this contribution) The sorry saga of Equitable Life has rumbled on for eight years. The Chief Secretary to the Treasury...
Brian H Donohoe | 487 c29WH (Link to this contribution) I congratulate the hon. Gentleman on securing the debate. I have had the opportunity in the past to ...
Steve Webb | 487 c28WH (Link to this contribution) The hon. Gentleman is quite right. The waiting has gone on long enough; it is time for justice. Thi...
Baroness Kramer | 487 c28WH (Link to this contribution) Does my hon. Friend agree that nothing in Sir John's remit addresses the issue of justice? Justice l...
Steve Webb | 487 c28-9WH (Link to this contribution) My hon. Friend raises an important point about confidence in the financial system. One of my constit...
Steve Webb | 487 c29-30WH (Link to this contribution) The two concepts certainly do not sit well together. Clearly, if someone has suffered an injustice, ...
Lord Barker of Battle | 487 c29WH (Link to this contribution) What angers my constituents in particular is that the payment of compensation, as was made clear by ...
Steve Webb | 487 c29WH (Link to this contribution) There is a difference between what Sir John says privately to the Treasury, which is then filtered a...
Steve Webb | 487 c30WH (Link to this contribution) I congratulate my hon. Friend on the leadership that she has shown on this matter and on the debate ...
Anne Main | 487 c30WH (Link to this contribution) I congratulate the hon. Gentleman on securing this important debate. Will he expand on the point he ...
Jo Swinson | 487 c30WH (Link to this contribution) I congratulate my hon. Friend on securing this important debate. On the issue of speed, eight years...
Steve Webb | 487 c31WH (Link to this contribution) There has been a series of regulatory failures under consecutive Governments, the answer to which ha...
Steve Webb | 487 c25WH (Link to this contribution) There is a good deal of prescience in Members' interventions. The hon. Gentleman is absolutely right...
Alan Duncan | 487 c25WH (Link to this contribution) I congratulate the hon. Gentleman on raising this important topic, and I note that Opposition Member...
Steve Webb | 487 c25WH (Link to this contribution) My hon. Friend is absolutely right. As I hope to explain, there are many facets of the Government's ...
Daniel Kawczynski | 487 c25WH (Link to this contribution) The hon. Gentleman mentioned the judge appointed to oversee the matter. Does he agree that that judg...
Steve Webb | 487 c26WH (Link to this contribution) I agree that no one is suggesting that people should have a free ride, or that they should not be su...
Steve Webb | 487 c26WH (Link to this contribution) Let me make a little progress and then I shall give way again. Everyone present knows that there ha...
Steve Webb | 487 c25WH (Link to this contribution) I certainly agree with the hon. Gentleman about the need for speed. I have received a copy of a lett...
Baroness Stuart of Edgbaston | 487 c25-6WH (Link to this contribution) May I put it on record that the Government side is represented and that there are Labour Back Benche...
Mark Simmonds | 487 c26WH (Link to this contribution) The hon. Gentleman makes a powerful case and is being generous by giving way yet again. Is he aware ...
Steve Webb | 487 c24WH (Link to this contribution) I quote:"““I attended many of the public meetings convened by Equitable Life and found them truly de...
Annette Brooke | 487 c25WH (Link to this contribution) Does my hon. Friend agree that the proposals could not be further from what the Public Administratio...
Steve Webb | 487 c24-5WH (Link to this contribution) The hon. Gentleman is absolutely right. The phrase ““justice delayed is justice denied”” applies in ...
Mike Weir | 487 c24WH (Link to this contribution) Does the hon. Gentleman accept that it was obvious even then that there would be a further several y...
Steve Webb | 487 c31WH (Link to this contribution) I have to disagree with the hon. Lady; she is starting in the wrong place. She asks how much we can ...
Anne Begg | 487 c31WH (Link to this contribution) Every Member is in the Chamber today because they have constituents who have suffered as a result of...
Derek Wyatt | 487 c33WH (Link to this contribution) I agree. I am reminded—this was mentioned previously—that we had miners' compensation and compensati...
Lord Tyrie | 487 c33-4WH (Link to this contribution) The Government appear to accept that there has been regulatory failure, that the failure amounts to ...
Lord Barker of Battle | 487 c34WH (Link to this contribution) I made exactly that point earlier. My hon. Friend is very knowledgeable about these matters, so can ...
Lord Tyrie | 487 c34WH (Link to this contribution) My hon. Friend has already made that point eloquently, and I certainly cannot think of a case. If th...
Maria Miller | 487 c34WH (Link to this contribution) Does my hon. Friend share my concern about the message that the Government are sending to my constit...
Lord Tyrie | 487 c34-5WH (Link to this contribution) I completely agree. Some big issues are involved. One is the damage that has been done to the saving...
Steve Webb | 487 c31-2WH (Link to this contribution) My hon. Friend is right. I suspect that the parliamentary process will not produce justice, so again...
Tim Farron | 487 c31WH (Link to this contribution) One of the Government's objectives must be to draw a line under the whole case. If Sir John draws fu...
Baroness Kramer | 487 c33WH (Link to this contribution) Does the hon. Gentleman not think it is a disgrace that a strategy of dividing people seems to under...
Derek Wyatt | 487 c32-3WH (Link to this contribution) I add my congratulations to those given to the hon. Member for Northavon (Steve Webb) on securing a ...
Daniel Kawczynski | 487 c36-7WH (Link to this contribution) In all the documents about Equitable Life that I have read recently, one of the most salient came fr...
Anne Main | 487 c37-8WH (Link to this contribution) I congratulate the hon. Member for Northavon (Steve Webb) on securing the debate. He is absolutely r...
Mark Hunter | 487 c38-9WH (Link to this contribution) It is a pleasure to contribute to this important debate under your chairmanship, Lady Winterton, and...
Bob Spink | 487 c39WH (Link to this contribution) The hon. Gentleman will be aware that the right hon. Member for North-West Hampshire (Sir George You...
Mike Weir | 487 c35-6WH (Link to this contribution) I congratulate the hon. Member for Northavon (Steve Webb) on securing this debate. The subject affec...
Bob Spink | 487 c40WH (Link to this contribution) Will the hon. Gentleman give way?
Alan Reid | 487 c39WH (Link to this contribution) My hon. Friend is correct in saying that this matter should be debated on the Floor of the House. Th...
Mark Hunter | 487 c39WH (Link to this contribution) I concur with the hon. Gentleman. The response received by the right hon. Member for North-West Hamp...
David Heath | 487 c40WH (Link to this contribution) It is a pleasure to participate in the debate and I congratulate my hon. Friend the Member for North...
Mark Hunter | 487 c39-40WH (Link to this contribution) My hon. Friend makes a very important point and is, of course, absolutely right. There is no clearer...
David Heath | 487 c42-3WH (Link to this contribution) I am grateful to the hon. Lady for that intervention. There are two interpretations: either the Gove...
Greg Hands | 487 c43-4WH (Link to this contribution) I welcome you to the Chair, Mr. Gale, and congratulate the hon. Member for Northavon (Steve Webb) on...
David Heath | 487 c41-2WH (Link to this contribution) I think that is an accurate description of the Minister's position. [Mr. Roger Gale in the Chair] ...
Anne Main | 487 c42WH (Link to this contribution) The hon. Gentleman mentioned the word ““destitute””, but as we know many pensioners who are affected...
David Heath | 487 c40-1WH (Link to this contribution) Let me just say a few words; the hon. Gentleman has made a couple of interventions. I do not to dim...
Greg Hands | 487 c45WH (Link to this contribution) The hon. Lady makes a powerful point, but one problem for all of us is that we are operating in a co...
Baroness Kramer | 487 c45WH (Link to this contribution) Does the hon. Gentleman acknowledge, however, that the full compensation, as calculated by EMAG and ...
Greg Hands | 487 c45WH (Link to this contribution) The hon. Lady will have her chance to respond, but I want to get on, because I have limited time ava...
Angela Eagle | 487 c45WH (Link to this contribution) Will the hon. Gentleman give way?
Angela Eagle | 487 c45WH (Link to this contribution) Will the hon. Gentleman give way?
Greg Hands | 487 c45-6WH (Link to this contribution) I shall carry on, because there is only limited time left. We agree that there is no quick calculat...
Subjects
Compensation Insurance companies Equitable Life Assurance Society Maladministration Regulation Ex gratia payments
Link
View this Parliamentary proceeding on www.publications.parliament.uk