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Equitable Life

Secondary information

Type

Parliamentary proceeding

Reference

494 c268-91WH 

Session

2008-09

Department

Treasury

Chamber / Committee

Westminster Hall

Related items

Equitable Life: a decade of regulatory failure. Parliamentary Commissioner for Administration fourth report in 5 volumes. (Volume v includes an electronic copy of the report on 2 CDs).
Wednesday, 16 July 2008
House of Commons papers
House of Commons
House of Lords

Prudential regulation of the Equitable Life Assurance Society. Government response to the report of the Parliamentary Ombudsman's investigation.
Thursday, 15 January 2009
Command papers
House of Commons

Proceeding contributions

Speaker | 494 c283WH (Link to this contribution) I call the right hon. Member for Berwick-upon-Tweed (Sir Alan Beith) with the same appeal to conclud...

Speaker | 494 c282WH (Link to this contribution) I will call the hon. Member for Richmond Park (Susan Kramer) now, but I should be enormously gratefu...

Show all contributions (53)

Baroness Kramer | 494 c273WH (Link to this contribution) I am grateful to the hon. Gentleman for giving way twice on the same point. Does he not agree that m...

Fabian Hamilton | 494 c273-4WH (Link to this contribution) I thank the hon. Lady for her comments. Again, I hope to address some of those points in a few minut...

Fabian Hamilton | 494 c273WH (Link to this contribution) Yes, I agree with the hon. Lady. I will address some of her points in a minute. I am not quite sure ...

David Davis | 494 c275WH (Link to this contribution) I am sorry to interrupt the hon. Gentleman's conclusion, but he made a comment earlier that may not ...

Fabian Hamilton | 494 c275WH (Link to this contribution) Sorry—each day. That is even worse. I will say "each week," because that is the statistic that I was...

Bob Spink | 494 c275WH (Link to this contribution) Each day.

Fabian Hamilton | 494 c274-5WH (Link to this contribution) There is a reasonable spread of Members here from all parties. I would hope that perhaps Parliament ...

Bob Spink | 494 c274WH (Link to this contribution) I declare an interest: like many MPs, I had an Equitable Life policy. We know that even with the omb...

Mark Hoban | 494 c287-8WH (Link to this contribution) I am sure that the debate will provide the Government with an opportunity to respond not only to tha...

Mark Hoban | 494 c286-7WH (Link to this contribution) My right hon. Friend makes an interesting proposal. The Government are seeking to renew the House to...

John Butterfill | 494 c287WH (Link to this contribution) Does my hon. Friend agree that that would give the Government an opportunity to explain to the House...

Mark Hoban | 494 c286WH (Link to this contribution) I congratulate the hon. Member for Leeds, North-East (Mr. Hamilton) on securing this debate. It is v...

Lord Young of Cookham | 494 c286WH (Link to this contribution) My hon. Friend is right to point out that this is the fourth debate, but none of the debates has end...

Lord Beith | 494 c283WH (Link to this contribution) Yes, Mr. Caton; I am very grateful to my hon. Friend the Member for Richmond Park (Susan Kramer). I ...

Jeremy Browne | 494 c283-6WH (Link to this contribution) Thank you, Mr. Caton, for giving me the opportunity to contribute to this extremely important debate...

Baroness Kramer | 494 c282-3WH (Link to this contribution) I shall take that as absolute direction, Mr. Caton; in fact, I am being instructed to take an even s...

David Davis | 494 c281WH (Link to this contribution) I have been contrasting the approach that the Government have taken in the case of Equitable Life wi...

Alan Reid | 494 c281-2WH (Link to this contribution) The right hon. Gentleman is perfectly correct. It is important also to remember that the ombudsman i...

Paul Robert Holmes | 494 c280WH (Link to this contribution) I apologise to the hon. Member for Leeds, North-East (Mr. Hamilton) for not being here at the start ...

Alan Reid | 494 c280WH (Link to this contribution) My hon. Friend is quite right. I am sure that a lot of elderly people are in that situation. The pa...

Oliver Letwin | 494 c280WH (Link to this contribution) Does the hon. Gentleman agree that a remarkable feature of the scene is that the ombudsman made it c...

Alan Reid | 494 c280-1WH (Link to this contribution) The right hon. Gentleman is right about what the ombudsman said, and I agree that the Government sho...

Barry Gardiner | 494 c278-9WH (Link to this contribution) The hon. Lady speaks eloquently about the situation. I absolutely agree that these people are not ri...

Annette Brooke | 494 c279WH (Link to this contribution) Does the hon. Gentleman not agree that basic principles of fairness, timeliness and transparency wou...

Barry Gardiner | 494 c279WH (Link to this contribution) The hon. Lady is absolutely right. She goes to what we all believe is the central point: the situati...

Alan Reid | 494 c280WH (Link to this contribution) I congratulate the hon. Member for Leeds, North-East (Mr. Hamilton) on securing the debate and givin...

Richard Taylor | 494 c276-7WH (Link to this contribution) I am grateful for that intervention, and that will be one of my main concluding points. Other lette...

Oliver Letwin | 494 c277WH (Link to this contribution) I believe that the Government have accepted four of the ombudsman's recommendations, but the gist of...

Richard Taylor | 494 c275-6WH (Link to this contribution) I am staggered but absolutely delighted to be called so early, Mr. Caton. As an independent, I have ...

John Butterfill | 494 c276WH (Link to this contribution) Does the hon. Gentleman agree that the present position not only undermines people's faith in their ...

Baroness Burt of Solihull | 494 c278WH (Link to this contribution) Does the hon. Gentleman agree that despite the perception that these pensioners had huge amounts of ...

Richard Taylor | 494 c277-8WH (Link to this contribution) I thank the right hon. Gentleman. Such behaviour by the Government towards the ombudsman has occurre...

Barry Gardiner | 494 c278WH (Link to this contribution) There is""clear and unmistakable evidence in the ombudsman's report of five significant areas of mal...

Bob Spink | 494 c275WH (Link to this contribution) The Library note said 15 per day.

Fabian Hamilton | 494 c275WH (Link to this contribution) Per day—okay, I shall correct the record and say "per day," if that is what the Library note says. ...

Fabian Hamilton | 494 c275WH (Link to this contribution) I give way to the hon. Gentleman.

Mark Hoban | 494 c290WH (Link to this contribution) Is the Minister saying that the Government decided to restrict the number of findings made by the om...

Sarah McCarthy-Fry | 494 c289-90WH (Link to this contribution) It is a pleasure to welcome you to the Chair, Mr. Caton. I congratulate my hon. Friend the Member fo...

Barry Gardiner | 494 c290WH (Link to this contribution) I, and many other hon. Members, accept that the Government's intention is not to delay simply to red...

Sarah McCarthy-Fry | 494 c290WH (Link to this contribution) Categorically not. The right hon. Member for Haltemprice and Howden (David Davis), who is no longer ...

Sarah McCarthy-Fry | 494 c290-1WH (Link to this contribution) We intend to find a resolution with our scheme as quickly as possible, but we also need to get it ri...

Lord Beith | 494 c269WH (Link to this contribution) I must declare an interest as a small policyholder with Equitable Life, although my policy was nowhe...

Paul Beresford | 494 c268WH (Link to this contribution) I suspect that the hon. Gentleman is right that every MP has constituents with such difficulties. I ...

Fabian Hamilton | 494 c268WH (Link to this contribution) It is a pleasure to see you in the Chair, Mr. Caton. So much has been written and said over the las...

Fabian Hamilton | 494 c269WH (Link to this contribution) I hope that the hon. Gentleman will listen carefully to my speech because it will include many of th...

Fabian Hamilton | 494 c269-70WH (Link to this contribution) I thank the right hon. Gentleman for that intervention. I will go on to talk about the regulatory fa...

Julie Kirkbride | 494 c270WH (Link to this contribution) The hon. Gentleman is right to say that some people have experienced considerable loss and that othe...

Fabian Hamilton | 494 c271-2WH (Link to this contribution) The hon. Lady is right. Later in my remarks, I shall address the points that she has made. Why is t...

Oliver Letwin | 494 c272WH (Link to this contribution) Like the right hon. Member for Berwick-upon-Tweed (Sir Alan Beith), I declare an interest in that my...

Jo Swinson | 494 c272WH (Link to this contribution) Does the hon. Gentleman accept that, nearly a year on, the recommendations are not being dealt with?...

Fabian Hamilton | 494 c272WH (Link to this contribution) Yes, I certainly agree with the right hon. Gentleman. Again, I will go on to highlight that matter f...

Subjects

Complaints Compensation Inquiries Insurance companies Insurance Equitable Life Assurance Society Maladministration Ombudsman Parliamentary Commissioner for Administration Government responses

Link

View this Parliamentary proceeding on www.publications.parliament.uk