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Equitable Life - Public Administration Committee Contents


APPENDIX

Letter from Chair of the Committee, to Ann Abraham, Parliamentary and Health Service Ombudsman, 10 September 2010

EQUITABLE LIFE

  You wrote to Member's on 26 July expressing your concern that the Chadwick proposals would be an "unsafe and unsound basis on which to proceed".

As you know, our predecessor Committee took a very close interest in this matter and shared your apprehension about the way in which the previous Government had responded to your recommendations.

I understand that you are meeting with the Financial Secretary in advance of the Second Reading debate of the Equitable Life (Payments) Bill. As you are well aware there is also much concern among colleagues in the House on behalf of those of their constituents who have been adversely affected by the events surrounding Equitable Life.

  It would help the Committee as well as Members, in advance of announcements in the Spending Review next month, if you were to come before us and explain in what specifics that you disagree with the Chadwick approach.

  You kindly copied me your letter to Mark Hoban of 9 September but it would help our deliberations greatly if, in advance of that session, you could set out those specifics in writing: why you disagree with the Chadwick proposals; why you consider that they are not the correct basis on which the Government can meet your recommendations and make fair and transparent payments and to what extent you have sought to resolve those differences with Sir John and the Treasury. Can you tell us whether you have sought to meet Sir John Chadwick to seek to resolve these differences?

  The Clerk of the Committee will be in touch with your office shortly with a formal invitation for early October.

  I am also writing to Sir John Chadwick and the Minister with a similar invitation.





 
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