Insurance Post

Prime Minister ducks the Equitable Life issue

The steady rise of Equitable Life up the political agenda continued this lunchtime when the Conservative MP Angela Browning raised it during Prime Minister's Questions. Her question trying to tease out a government response to the damming report from the Parliamentary Ombudsman last week was loudly cheered right across the packed House of Commons.
The Prime Minister's reply made it pretty obvious that he hadn't read it as he referred back to the previous report and the appointment of Sir John Chadwick to look at how a limited compensation scheme could be set up and administered. Perhaps with everything he has had on his plate in the last week, Gordon Brown can be forgiven for not being fully up to speed on this one but he surely must have gone away with some sense of the strength of support among MPs of all parties for doing more - and doing it sooner - to compensate Equitable Life policyholders.
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