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Business of the House

Part of the debate – in the House of Commons at 10:59 am on 6th February 2020.

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Photo of Matthew Offord Matthew Offord Conservative, Hendon 10:59 am, 6th February 2020

May we have a debate in Government time on compensation for Equitable Life policyholders? Previously, a Conservative Chancellor accepted the ombudsman’s report in full and the differences between what policyholders would have received from their policies and what they received from elsewhere. On that shortfall, £1.5 billion has currently been paid out, but it is calculated that the actual loss was £4.3 billion. When will policyholders actually receive justice?