Equitable Life

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 25th January 2001.

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Photo of Miss Melanie Johnson Miss Melanie Johnson Economic Secretary, HM Treasury 12:00 am, 25th January 2001

The Government recognise that policyholders will rightly be concerned at the news of Equitable Life's closure to new business. It is not for me or any Minister to give investment advice. As in all personal financial matters, independent financial advice is widely available from authorised firms or persons. The FSA is preparing a report on the events and it is not for me to speculate on the outcome of that report.