Equitable Life (Payments) Bill: MP calls for speedy resolution for policyholders
Speaking in the House of Commons, Neil Parish welcomes the Government's action on Equitable Life and tells MPs that a speedy resolution will reinforce the message that it is important for people to save for their old age.
Neil Parish (Tiverton and Honiton) (Con): I thank my hon. Friend for the powerful points that he is making. May I reinforce the fact that this is about the message we send to all those who are saving for their old age in order to give themselves a good quality of life? If we do not sort out the Equitable Life situation, it will send exactly the wrong message to hard-working people. I congratulate the coalition Government on having the political will to sort it out, given that the previous Labour Government had no such will. In fact, they used taxpayers' money to fight policyholders. I urge our Front-Bench team to get this sorted.
Mel Stride: I thank my hon. Friend for making a very important point, with which I entirely agree.