Equitable Life
EDM number 1341 in 2005-06, proposed by Fabian Hamilton on 10/01/2006.
That this House regrets that many Equitable Life pensioners have suffered hardship as a result of the mismanagement by the Society and the failure of the regulatory system to protect policyholders; notes that many Equitable Life pensioners continue to face hardship in spite of the publication of the Penrose Report in March 2004; believes that the Treasury should examine carefully claims for compensation from policyholders who have genuinely suffered loss of income; and agrees with Lord Penrose that better regulation of life assurance companies must be introduced by the Government to replace the light touch of which he was so critical.
This motion has been signed by a total of 69 MPs.
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