EQUITABLE LIFE COMPENSATION (No. 2)

That this House recalls the recommendations for fair compensation payments to Equitable Life policyholders as proposed by the Parliamentary Ombudsman and later promised by the Coalition Government for the recognised regulatory maladministration of its funds; and believes the contrary recent advice given by Sir John Chadwick on this matter to be an unsafe and unsound basis on which to proceed towards any honest settlement of these policyholders' losses.