COMMONS

MPs debate compensation for Equitable Life policyholders

20 March 2017

On Thursday 23 March MPs debated and approved a motion on compensation for Equitable Life policyholders in the House of Commons.

Bob Blackman will opened the debate.

Watch the debate and read the transcript

The House of Commons Library produced a briefing paper for this debate.

Motion debated and approved

"That this House welcomes the Government’s acceptance in full of the Parliamentary Ombudsman’s findings in relation to its maladministration with regard to Equitable Life; notes that the Parliamentary Ombudsman recommended that policyholders should be put back in the position they would have been had maladministration not occurred; further notes that the overwhelming majority of victims have only received partial compensation compared to the confirmed losses directly attributed to regulatory failures; regrets that the Government made no further funding available in the Spring Budget 2017; and calls on the Government to make a commitment to provide full compensation to victims of the scandal as the economy continues to recover."

Backbench Business Committee

The Backbench Business Committee meets weekly on Tuesdays to consider requests for debates from any backbench Members of Parliament on any subject.

The Committee then has to decide how to allocate the limited Parliamentary time it has at its disposal. The Committee's meetings are always conducted in public and can be watched on Parliament TV.

Further Information

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