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29 MPs sign EDM challenging Govt over Eq Life

Twenty-nine MPs have signed an early day motion challenging the Government’s response to Equitable Life and noting a lack of public confidence in Sir John Chadwick’s review process.

The early day motion was put forward by independent MP for Castlepoint Bob Spink in February, and received support from MPs across all three main parties.

The EDM reads: “That this House notes with concern that the Government has declined to accept the Parliamentary Ombudsman’s recommendation on a tribunal to ensure that fair compensation is paid to Equitable Life members who suffered losses, but is instead using the Chadwick process which fails to command the confidence of the public or of industry.”

It adds: “If the Ombudsman’s recommendation were implemented, any money awarded would be quickly returned to the economy, unlike that used to rescue banks.”

The MPs who signed the motion are Andrew Pelling, Lynne Jones, Jim Dobbin, Peter Bottomley, Jeremy Corbyn, Bob Russell, Gregory Campbell, Martin Caton, Mark Durkan, Mike Hancock, Ann Winterton, Alan Simpson, David Simpson, Lindsay Hoyle, Colin Breed, Dai Davies, John Pugh, Dr William McCrea, Neil Gerrard, John McDonnell, Alan Meale, Sandra Gidley, John Leech, Kelvin Hopkins,
Bill Etherington, Phil Willis, Daniel Rogerson and Brian Jenkins.


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The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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