Speech in Commons Chamber - Thu 26 Feb 2015 Equitable Life
"I thank my hon. Friend. There are hundreds of thousands of people like his constituent. We all have constituents who have suffered losses, for whom 22.4p in the pound is a start but, as many Members have said, simply not enough. I will say something about that in my remaining …..." Fabian Hamilton - View Speech
"I thank the hon. Gentleman, and I agree. With the election coming up, we need to put a clear choice to the electors and to the hundreds of thousands of pensioners and policyholders who have suffered through the collapse of Equitable to ensure that they know where we all stand …..." Fabian Hamilton - View Speech
"I beg to move amendment 1, page 1, line 7, at end insert—
‘(2A) Payments authorised by the Treasury under this section to with-profits annuitants shall be made without regard to the date on which such policies were taken out.’...." Fabian Hamilton - View Speech
"I tabled my amendment because, although I am well aware that the Bill is an enabling measure, I feel strongly that a group of Equitable Life policyholders has been unfairly excluded from the compensation scheme that the Government have put in place. You will be pleased to know, Mr Evans, …..." Fabian Hamilton - View Speech
"I thank the hon. Gentleman for his kind words. I hope that in continuing my comments I shall answer his question.
I have long believed that the Equitable saga is a moral issue for us in Parliament. We sought, through the Financial Services Authority, to regulate financial institutions such as …..." Fabian Hamilton - View Speech
"I thank the hon. Gentleman for his kind remarks about the work I have done but, as the Committee will know, he is the secretary of the all-party group on justice for Equitable Life policyholders, and I thank him for his efforts in this regard. He is absolutely right: Sir …..." Fabian Hamilton - View Speech
"Yes, of course the amendment would attract far more support if there was a net zero cost. However, this is an important moral issue. Many of my hon. Friends and other Members know my views, for example, on the Trident replacement, which I know has now been shelved for a …..." Fabian Hamilton - View Speech
"I thank my right hon. Friend for that. He is right. It is galling when the very vulnerable and frail pensioners who are the ones suffering most because they are the pre-1992 with-profits annuitants look, for example, to the quite correct compensation given to Icesave investors of up to £50,000 …..." Fabian Hamilton - View Speech
"I thank the hon. Gentleman for his intervention. First, there would be relatively few annuitants from further back in time. Clearly, a person who retired in 1981 or 1985 would be getting on a bit in years now, so only a small number of people would be involved. Secondly, Equitable …..." Fabian Hamilton - View Speech