Backbench Debate on Equitable Life
House of Commons 11 February 2016
(3 hours)

Toolkit for MPs

Motion:

Motion: “That this House congratulates the Government on providing a scheme to compensate victims of the Equitable Life scandal; welcomes the Government's acceptance of the Parliamentary Ombudsman's findings in full; notes that the Parliamentary Ombudsman recommended that policyholders should be put back in the position they would have been in had maladministration not occurred; further notes that most victims have only received partial compensation compared to the confirmed losses; and that the compensation scheme is now closed to new applicants; calls on the Government to ensure that the entire existing budget allocated for compensation to date is paid to applicants to the scheme and make a further commitment to provide full compensation for relative losses to all victims of this scandal.”

Please find below links to some material that may help you prepare for the debate. We suggest as a bare minimum you watch this five minute film, which spells out the issues very clearly.



Downloads for MPs

1 page briefing for MPs

Analysis of ELPS payments

Equitable Life scandal - history

 

2 page briefing on how The Treasury is misleading MPs

EMAG full page advertising in Private Eye

EMAG full page advertising in The Spectator

48 page summary of Parliamentary Ombudsman's report 2008 “Equitable Life: a decade of regulatory failure”

18 page 3rd Parliamentary Ombudsman's report 2009 “Injustice unremedied: the Government's response on Equitable Life”