Equitable Life Debate

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Department: HM Treasury

Equitable Life

Tessa Munt Excerpts
Thursday 22nd July 2010

(14 years, 3 months ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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Given that the hon. Gentleman was meant to be seeking a bipartisan spirit, it did not last much longer than his first sentence. I paid tribute to the hon. Member for Leeds North East (Mr Hamilton), and I know from discussions with hon. Members of all parties that all Members of Parliament want to get the matter resolved. We all have constituents who have been involved, and the Public Administration Committee was one of many routes whereby the previous Government were pursued to deliver justice for policyholders quickly.

Tessa Munt Portrait Tessa Munt (Wells) (LD)
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I thank the Financial Secretary very much indeed for his comments about the speed with which he will deal with the matter, particularly on behalf of my 80-year-old constituent, Jim Barratt, who said that, at his age, time was not on his side. Given that the coalition has declared that it will apply transparency to the matter, has EMAG received the information on “Head A” calculations, which it requested, but was not forthcoming under the previous Administration?

Mark Hoban Portrait Mr Hoban
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I have made it my duty to maintain a good and open relationship with EMAG. I met its members again earlier this week and I spoke to the chairman, Paul Braithwaite, this morning to advise him that I was making the statement. Today, I am publishing 2,500 pages of material that help underpin Sir John’s work and I hope that people who are interested will examine that in detail and respond to his findings and the actuarial advice that he received.