(14 years, 2 months ago)
Lords ChamberMy Lords, it is only right to say thank you. Northern Ireland, historically and geographically, has been very closely associated with Scotland. As a result, the Presbyterian Church in Northern Ireland is the largest Protestant communion in that province. The problems of the Presbyterian Mutual Society have been a running sore for several years. Will the Minister take note that there will be widespread appreciation across Northern Ireland that this problem has finally been addressed in the Statement?
I am very grateful to the noble Lord for drawing attention to the fact that the Presbyterian Mutual Society has been a long-running issue which was not gripped by the previous Government. Whether it is that or properly compensating the policyholders of Equitable Life, we have got on and made what we believe to be fair decisions which were dodged by the previous Government.