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EQUITABLE LIFE (no. 2)

EDM (Early Day Motion) 1337: tabled on 04 June 2003

Tabled in the 2002-03 session.

This motion has been signed by 190 Members. It has received 1 amendment.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Amendment to this motion

There has been an amendment submitted to this motion.

View details of the amendment

Motion text

That this House notes the forensic study of the Equitable Life's accounts by accountants Burgess Hodgson, which revealed a ú1 billion black hole in the Society's finances at the beginning of the 1990's; also notes that the report demonstrates the Society's management consistently voted bonuses so that its liabilities were in excess of its assets; is concerned that the financial information available to Burgess Hodgson was also available to the regulators at the time; notes that many pensioners are currently suffering financial hardship because of the Society's mismanagement and an apparent failure of the regulatory system to protect policyholders; and calls on the Parliamentary Ombudsman to immediately investigate the complaints of maladministration relating to the period before 1999 that have been referred to her by many honourable Members on behalf of their constituents.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Barnes, Mr Harry
Labour
Signed on 9 June 2003
North East Derbyshire
Barrett, John
Liberal Democrat
Signed on 18 June 2003
Edinburgh West
Begg, Dame Anne
Labour
Signed on 19 June 2003
Aberdeen South
Beggs, Mr Roy
Ulster Unionist Party
Signed on 12 June 2003
East Antrim
Bercow, John
Conservative
Signed on 19 June 2003
Buckingham
Berry, Dr Roger
Labour
Signed on 23 June 2003
Kingswood
Best, Mr Harold
Labour
Signed on 11 June 2003
Leeds North West
Bottomley, Sir Peter
Conservative
Signed on 8 September 2003
Worthing West
Bottomley, Virginia
Conservative
Signed on 17 June 2003
South West Surrey
Bradley, Mr Keith
Labour
Signed on 24 June 2003
Manchester, Withington
Bradley, Peter
Labour
Signed on 11 June 2003
The Wrekin
Brady, Mr Graham
Conservative
Signed on 30 June 2003
Altrincham and Sale West
Brake, Tom
Liberal Democrat
Signed on 12 June 2003
Carshalton and Wallington
Breed, Mr Colin
Liberal Democrat
Signed on 30 June 2003
South East Cornwall
Brooke, Annette
Liberal Democrat
Signed on 30 June 2003
Mid Dorset and North Poole
Brown, Mr Russell
Labour
Signed on 29 October 2003
Dumfries
Bruce, Malcolm
Liberal Democrat
Signed on 12 June 2003
Gordon
Buck, Ms Karen
Labour
Signed on 11 June 2003
Regent's Park and Kensington North
Burden, Richard
Labour
Signed on 2 July 2003
Birmingham, Northfield
Burnett, Mr John
Liberal Democrat
Signed on 30 June 2003
Torridge and West Devon
Burnham, Andy
Labour
Signed on 11 June 2003
Leigh
Burnside, David
Ulster Unionist Party
Signed on 5 June 2003
South Antrim
Cable, Dr Vincent
Liberal Democrat
Signed on 5 June 2003
Twickenham
Calton, Mrs Patsy
Liberal Democrat
Signed on 11 June 2003
Cheadle
Campbell, Mrs Anne
Labour
Signed on 12 June 2003
Cambridge
Campbell, Mr Gregory
Democratic Unionist Party
Signed on 12 June 2003
East Londonderry
Campbell, Sir Menzies
Liberal Democrat
Signed on 10 June 2003
North East Fife
Campbell, Mr Ronnie
Labour
Signed on 11 June 2003
Blyth Valley
Carmichael, Mr Alistair
Liberal Democrat
Signed on 3 July 2003
Orkney and Shetland
Caton, Mr Martin
Labour
Signed on 9 June 2003
Gower
Chapman, Sir Sydney
Conservative
Signed on 30 June 2003
Chipping Barnet
Chidgey, Mr David
Liberal Democrat
Signed on 16 June 2003
Eastleigh
Clapham, Mr Michael
Labour
Signed on 16 June 2003
Barnsley West and Penistone
Clark, Mrs Helen
Labour
Signed on 4 July 2003
Peterborough
Clwyd, Ann
Labour
Signed on 2 July 2003
Cynon Valley
Cohen, Harry
Labour
Signed on 19 June 2003
Leyton and Wanstead
Coleman, Mr Iain
Labour
Signed on 30 June 2003
Hammersmith and Fulham
Colman, Mr Tony
Labour
Signed on 5 June 2003
Putney
Conway, Derek
Conservative
Signed on 30 June 2003
Old Bexley and Sidcup
Cook, Frank
Labour
Signed on 30 June 2003
Stockton North
Cotter, Brian
Liberal Democrat
Signed on 11 June 2003
Weston-Super-Mare
Cox, Tom
Labour
Signed on 9 June 2003
Tooting
Crausby, Mr David
Labour
Signed on 19 June 2003
Bolton North East
Cryer, Mrs Ann
Labour
Signed on 9 June 2003
Keighley
Cryer, John
Labour
Signed on 16 July 2003
Hornchurch
Davey, Mr Edward
Liberal Democrat
Signed on 30 June 2003
Kingston and Surbiton
Davey, Valerie
Labour
Signed on 24 June 2003
Bristol West
Dean, Mrs Janet
Labour
Signed on 30 June 2003
Burton
Dobson, Frank
Labour
Signed on 12 June 2003
Holborn and St Pancras
Dodds, Mr Nigel
Democratic Unionist Party
Signed on 1 July 2003
Belfast North
Donaldson, Mr Jeffrey M.
Ulster Unionist Party
Signed on 9 July 2003
Lagan Valley
Dorrell, Mr Stephen
Conservative
Signed on 10 July 2003
Charnwood
Doughty, Sue
Liberal Democrat
Signed on 11 June 2003
Guildford
Drew, Mr David
Labour
Signed on 9 June 2003
Stroud
Duncan, Mr Alan
Conservative
Signed on 26 June 2003
Rutland and Melton
Edwards, Mr Huw
Labour
Signed on 10 June 2003
Monmouth
Ellman, Mrs Louise
Labour
Signed on 9 July 2003
Liverpool, Riverside
Ennis, Jeff
Labour
Signed on 9 July 2003
Barnsley East and Mexborough
Etherington, Bill
Labour
Signed on 5 June 2003
Sunderland North
Evans, Mr Nigel
Conservative
Signed on 11 July 2003
Ribble Valley
Ewing, Annabelle
Scottish National Party
Signed on 9 June 2003
Perth
Farrelly, Paul
Labour
Signed on 24 June 2003
Newcastle-under-Lyme
Field, Mr Mark
Conservative
Signed on 12 June 2003
Cities of London and Westminster
Fisher, Mark
Labour
Signed on 4 July 2003
Stoke-on-Trent Central
Flynn, Paul
Labour
Signed on 5 June 2003
Newport West
Follett, Barbara
Labour
Signed on 26 June 2003
Stevenage
Foster, Mr Don
Liberal Democrat
Signed on 12 June 2003
Bath
Foster, Michael Jabez
Labour
Signed on 14 October 2003
Hastings and Rye
Gapes, Mike
Labour
Signed on 11 June 2003
Ilford South
George, Andrew
Liberal Democrat
Signed on 16 June 2003
St Ives
George, Mr Bruce
Labour
Signed on 14 October 2003
Walsall South
Gidley, Sandra
Liberal Democrat
Signed on 13 June 2003
Romsey
Godsiff, Mr Roger
Labour
Signed on 16 June 2003
Birmingham, Sparkbrook and Small Heath
Goodman, Mr Paul
Conservative
Signed on 30 June 2003
Wycombe
Griffiths, Mr Win
Labour
Signed on 3 July 2003
Bridgend
Grogan, Mr John
Labour
Signed on 10 June 2003
Selby
Hall, Patrick
Labour
Signed on 12 June 2003
Bedford
Hancock, Mr Mike
Liberal Democrat
Signed on 5 June 2003
Portsmouth South
Harris, Dr Evan
Liberal Democrat
Signed on 26 June 2003
Oxford West and Abingdon
Harvey, Nick
Liberal Democrat
Signed on 19 November 2003
North Devon
Heath, Mr David
Liberal Democrat
Signed on 25 June 2003
Somerton and Frome
Hermon, Lady Sylvia
Ulster Unionist Party
Signed on 10 June 2003
North Down
Holmes, Paul
Liberal Democrat
Signed on 9 June 2003
Chesterfield
Hood, Mr Jim
Labour
Signed on 13 June 2003
Clydesdale
Hughes, Simon
Liberal Democrat
Signed on 10 June 2003
North Southwark and Bermondsey
Humble, Mrs Joan
Labour
Signed on 26 June 2003
Blackpool North and Fleetwood
Hurst, Mr Alan
Labour
Signed on 16 June 2003
Braintree
Jackson, Glenda
Labour
Signed on 17 June 2003
Hampstead and Highgate
Jackson, Mr Robert
Conservative
Signed on 25 June 2003
Wantage
Jenkins, Mr Brian
Labour
Signed on 9 June 2003
Tamworth
Jones, Mr Jon Owen
Labour
Signed on 25 June 2003
Cardiff Central
Jones, Lynne
Labour
Signed on 5 June 2003
Birmingham, Selly Oak
Jones, Mr Nigel
Liberal Democrat
Signed on 23 June 2003
Cheltenham
Khabra, Mr Piara S
Labour
Signed on 19 June 2003
Ealing, Southall
Kidney, Mr David
Labour
Signed on 18 June 2003
Stafford
King, Andy
Labour
Signed on 13 June 2003
Rugby and Kenilworth
Kirkbride, Julie
Conservative
Signed on 24 June 2003
Bromsgrove
Kumar, Dr Ashok
Labour
Signed on 9 June 2003
Middlesbrough South and East Cleveland
Lawrence, Mrs Jackie
Labour
Signed on 10 June 2003
Preseli Pembrokeshire
Lazarowicz, Mark
Labour
Signed on 9 June 2003
Edinburgh North and Leith
Lepper, David
Labour
Signed on 9 June 2003
Brighton, Pavilion
Lewis, Mr Terry
Labour
Signed on 17 June 2003
Worsley
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 5 June 2003
Meirionnydd Nant Conwy
Lyons, Mr John
Labour
Signed on 2 July 2003
Strathkelvin and Bearsden
Mahmood, Mr Khalid
Labour
Signed on 14 July 2003
Birmingham, Perry Barr
Marshall, Mr David
Labour
Signed on 2 July 2003
Glasgow, Shettleston
Marshall, Mr Jim
Labour
Signed on 10 June 2003
Leicester South
McLoughlin, Mr Patrick
Conservative
Signed on 8 July 2003
West Derbyshire
McNamara, Mr Kevin
Labour
Signed on 10 June 2003
Kingston upon Hull North
Mitchell, Mr Austin
Labour
Signed on 26 June 2003
Great Grimsby
Morgan, Julie
Labour
Signed on 24 June 2003
Cardiff North
O'Neill, Mr Martin
Labour
Signed on 24 June 2003
Ochil
Oaten, Mr Mark
Liberal Democrat
Signed on 12 June 2003
Winchester
Olner, Mr Bill
Labour
Signed on 24 June 2003
Nuneaton
Öpik, Lembit
Liberal Democrat
Signed on 16 June 2003
Montgomeryshire
Organ, Diana
Labour
Signed on 7 July 2003
Forest of Dean
Osborne, Mr George
Conservative
Signed on 1 July 2003
Tatton
Perham, Linda
Labour
Signed on 30 June 2003
Ilford North
Pike, Mr Peter
Labour
Signed on 7 July 2003
Burnley
Pollard, Mr Kerry
Labour
Signed on 20 June 2003
St Albans
Price, Adam
Plaid Cymru
Signed on 25 June 2003
Carmarthen East and Dinefwr
Prosser, Gwyn
Labour
Signed on 16 June 2003
Dover
Pugh, Dr John
Liberal Democrat
Signed on 5 June 2003
Southport
Quin, Joyce
Labour
Signed on 14 July 2003
Gateshead East and Washington West
Robinson, Mr Geoffrey
Labour
Signed on 14 July 2003
Coventry North West
Robinson, Mrs Iris
Democratic Unionist Party
Signed on 25 June 2003
Strangford
Rosindell, Andrew
Conservative
Signed on 17 June 2003
Romford
Roy, Mr Frank
Labour
Signed on 18 June 2003
Motherwell and Wishaw
Ruddock, Joan
Labour
Signed on 12 June 2003
Lewisham, Deptford
Russell, Bob
Liberal Democrat
Signed on 17 June 2003
Colchester
Salmond, Mr Alex
Scottish National Party
Signed on 24 June 2003
Banff and Buchan
Sanders, Mr Adrian
Liberal Democrat
Signed on 11 June 2003
Torbay
Sawford, Phil
Labour
Signed on 12 June 2003
Kettering
Sheerman, Mr Barry
Labour
Signed on 30 June 2003
Huddersfield
Shephard, Mrs Gillian
Conservative
Signed on 17 June 2003
South West Norfolk
Shepherd, Mr Richard
Conservative
Signed on 8 September 2003
Aldridge-Brownhills
Sheridan, Jim
Labour
Signed on 30 June 2003
West Renfrewshire
Simpson, Alan
Labour
Signed on 11 June 2003
Nottingham South
Skinner, Mr Dennis
Labour
Signed on 11 September 2003
Bolsover
Smith, Geraldine
Labour
Signed on 17 June 2003
Morecambe and Lunesdale
Smith, Sir Robert
Liberal Democrat
Signed on 12 June 2003
West Aberdeenshire and Kincardine
Smyth, The Rev Martin
Ulster Unionist Party
Signed on 12 June 2003
Belfast South
Steinberg, Mr Gerry
Labour
Signed on 10 June 2003
City of Durham
Stinchcombe, Mr Paul
Labour
Signed on 13 June 2003
Wellingborough
Stoate, Dr Howard
Labour
Signed on 13 June 2003
Dartford
Strang, Dr Gavin
Labour
Signed on 10 July 2003
Edinburgh East and Musselburgh
Streeter, Mr Gary
Conservative
Signed on 16 June 2003
South West Devon
Stunell, Andrew
Liberal Democrat
Signed on 23 June 2003
Hazel Grove
Swayne, Mr Desmond
Conservative
Signed on 30 June 2003
New Forest West
Swire, Mr Hugo
Conservative
Signed on 15 July 2003
East Devon
Taylor, Mr Ian
Conservative
Signed on 16 June 2003
Esher and Walton
Taylor, Matthew
Liberal Democrat
Signed on 3 July 2003
Truro and St Austell
Taylor, Dr Richard
Independent
Signed on 2 July 2003
Wyre Forest
Thomas, Mr Simon
Plaid Cymru
Signed on 9 June 2003
Ceredigion
Tonge, Dr Jenny
Liberal Democrat
Signed on 30 June 2003
Richmond Park
Tredinnick, David
Conservative
Signed on 30 June 2003
Bosworth
Trickett, Jon
Labour
Signed on 19 June 2003
Hemsworth
Viggers, Sir Peter
Conservative
Signed on 10 June 2003
Gosport
Vis, Dr Rudi
Labour
Signed on 11 June 2003
Finchley and Golders Green
Walley, Joan
Labour
Signed on 26 June 2003
Stoke-on-Trent North
Walter, Mr Robert
Conservative
Signed on 18 June 2003
North Dorset
Wareing, Mr Robert N.
Labour
Signed on 17 June 2003
Liverpool, West Derby
Webb, Prof Steve
Liberal Democrat
Signed on 25 June 2003
Northavon
White, Brian
Labour
Signed on 10 June 2003
North East Milton Keynes
Wilkinson, Mr John
Conservative
Signed on 13 June 2003
Ruislip - Northwood
Williams, Mrs Betty
Labour
Signed on 9 June 2003
Conwy
Wishart, Pete
Scottish National Party
Signed on 10 June 2003
North Tayside
Wray, Mr Jimmy
Labour
Signed on 1 July 2003
Glasgow, Baillieston
Wright, David
Labour
Signed on 26 June 2003
Telford
Wyatt, Derek
Labour
Signed on 11 June 2003
Sittingbourne and Sheppey
Younger-Ross, Richard
Liberal Democrat
Signed on 19 June 2003
Teignbridge

After a motion has been tabled, other Members can table amendments to it. Amendments to this motion are shown below.

EQUITABLE LIFE (no. 2) (Amendment 1)
leave out from "accountants" to end and add"Burgess Hodgson,which appears to show that the liabilities of Equitable Life,including an appropriate reserve for terminal bonus,exceeded the available assets for most of the 1990's:is concerned about press reports that several witnesses,including at least one former director of Equitable Life,have refused to co-operate with the Penrose inquiry:notes that the then Economic Secretary to the Treasury stated in a radio interview on the BBC programme Money box on 1 September 2001 that if certain of the Executive Directors did refuse to give evidence to the Penrose Inquiry she would not hesitate to put it on a statutory footing;calls upon the Government to find out which witnesses have refused to co-operate and to take appropriate action;calls upon the Government to ask Lord Penrose publicly to state a date before which his report will be completed;and calls on the Parliamentary Ombudsman immediately to investigate the complaints of maladministration relating to the period before 1999 that have been referred to her by many honourable Members on behalf of their constituents"
Conservative, Eddisbury
54
signatures
EDM 1337A1: tabled on 18 June 2003