Motion text
That this House recognises that the Equitable Life scandal remains an ongoing and significant injustice; notes that the majority of victims are retired factory shop workers, nurses, teachers, civil servants and small business owners who diligently saved for their retirement; is concerned that 12 years after the Government accepted the Parliamentary Ombudsman's findings that a decade of maladministration by UK Government regulators led to one million pension savers suffering multi-billion pound losses, 95 per cent of Equitable Life policyholders have received only 22 per cent of the money they lost as a consequence of UK Government maladministration; seeks a commitment that victims will receive the missing 78 per cent of their compensation entitlement; seeks a further commitment that the 10,000 pre-September 1992 WP annuitants are compensated on exactly the same terms as those who took their WP annuity after that date; and therefore calls on the Government to urgently increase the available funding from £1.5 billion to £4.1 billion to reflect the Treasury's own calculation of the true cost of full compensation to all victims.
Signatures (43)
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.
Hanvey, Neale
Independent
Signed on
5 March 2020
Gibson, Patricia
Scottish National Party
Signed on
5 March 2020
Stephens, Chris
Scottish National Party
Signed on
5 March 2020
Dorans, Allan
Scottish National Party
Signed on
6 March 2020
Sobel, Alex
Labour
Signed on
8 March 2020
Edwards, Jonathan
Plaid Cymru
Signed on
9 March 2020
In addition to the sponsors, the following Members have signed to support the motion.
Bottomley, Sir Peter
Conservative
Signed on
9 March 2020
Shannon, Jim
Democratic Unionist Party
Signed on
9 March 2020
Blackman, Bob
Conservative
Signed on
9 March 2020
Penning, Sir Mike
Conservative
Signed on
10 March 2020
Saville Roberts, Liz
Plaid Cymru
Signed on
10 March 2020
Robinson, Gavin
Democratic Unionist Party
Signed on
10 March 2020
Campbell, Mr Gregory
Democratic Unionist Party
Signed on
11 March 2020
Cherry, Joanna
Scottish National Party
Signed on
11 March 2020
MacAskill, Kenny
Scottish National Party
Signed on
12 March 2020
Lucas, Caroline
Green Party
Signed on
12 March 2020
Glindon, Mary
Labour
Signed on
16 March 2020
Green, Kate
Labour
Signed on
16 March 2020
Donaldson, Sir Jeffrey M
Democratic Unionist Party
Signed on
16 March 2020
Yasin, Mohammad
Labour
Signed on
21 April 2020
Day, Martyn
Scottish National Party
Signed on
4 May 2020
Jardine, Christine
Liberal Democrat
Signed on
18 May 2020
Henderson, Gordon
Conservative
Signed on
19 May 2020
Metcalfe, Stephen
Conservative
Signed on
19 May 2020
Betts, Mr Clive
Labour
Signed on
22 May 2020
Thompson, Owen
Scottish National Party
Signed on
27 May 2020
Ferrier, Margaret
Scottish National Party
Signed on
30 May 2020
Benn, Hilary
Labour
Signed on
2 June 2020
Selous, Andrew
Conservative
Signed on
8 June 2020
Nicolson, John
Scottish National Party
Signed on
10 June 2020
Davies, Geraint
Labour
Signed on
15 June 2020
Lake, Ben
Plaid Cymru
Signed on
16 June 2020
Wilson, Sammy
Democratic Unionist Party
Signed on
17 June 2020
Vickers, Martin
Conservative
Signed on
22 June 2020
Lewis, Clive
Labour
Signed on
23 June 2020
Wilson, Munira
Liberal Democrat
Signed on
29 June 2020
Amess, Sir David
Conservative
Signed on
29 June 2020
Chamberlain, Wendy
Liberal Democrat
Signed on
1 September 2020
Ribeiro-Addy, Bell
Labour
Signed on
1 September 2020
Russell-Moyle, Lloyd
Labour
Signed on
15 September 2020
Cooper, Daisy
Liberal Democrat
Signed on
1 December 2020
Oswald, Kirsten
Scottish National Party
Signed on
17 December 2020
Brown, Alan
Scottish National Party
Signed on
21 January 2021
There are no withdrawn signatures for this motion.