Equitable Life

Debate between Aidan Burley and Mark Hoban

Thursday 22nd July 2010 Commons Chamber

[Mr Hoban]

I am not going to refer to the letter that the former Chief Secretary left for his successor, but I must say that I did not get one from him on Equitable Life.

[Mr Aidan Burley (Cannock Chase) (Con)]

Does the Minister agree that it is important that the compensation scheme is seen to be administered by an independent commission, and that it was wrong of the previous Government to ignore many of the parliamentary ombudsman’s recommendations?

[Mr Hoban]

My hon. Friend makes an important point. It is important that the scheme should be designed to be independent. That is what will give maximum credibility to the scheme, and that will get maximum transparency for, and maximum support from, Equitable Life policyholders.