17 July 2008
PASC ANNOUNCES HEARINGS ON EQUITABLE LIFE
Following the publication this morning of the Parliamentary Ombudsman’s report on Equitable Life, the Chairman, Dr Tony Wright MP, made the following statement on behalf of the Public Administration Select Committee (PASC):
“Regulation is never an easy job, but the failings that have been revealed in this case appear to be on a spectacular scale. In a meticulous and comprehensive report, the Ombudsman has made ten serious findings of maladministration leading to injustice. We trust that her report will receive the considered and respectful response from government that it deserves.
“The Ombudsman has now invited Parliament to give consideration to the recommendations in her report, particularly in the area of remedy. As the Committee charged with examining the Ombudsman’s reports, I can announce that we will be holding public hearings in the autumn, not only on Equitable Life, but also on the wider questions raised by the Ombudsman’s report.”
One of the duties given to the cross-party Public Administration Select Committee (PASC) by the House of Commons is to examine the reports of the Parliamentary Ombudsman. Recent work in this area has included pressing for compensation for people who lost their pension entitlements through the wind-up of occupational pension schemes.
Committee Membership: Tony Wright (Chairman) (Lab) (Cannock Chase), Mr David Burrowes (Con) (Enfield, Southgate), Paul Flynn (Lab) (Newport West), David Heyes (Lab) (Ashton under Lyne), Kelvin Hopkins (Lab) (Luton North), Mr Ian Liddell-Grainger (Con) (Bridgewater), Julie Morgan (Lab) (Cardiff North), Mr Gordon Prentice (Lab) (Pendle), Paul Rowen (Lib Dem) (Rochdale), Charles Walker (Con) (Broxbourne), Jenny Willott (Lib Dem) (Cardiff Central)
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