PARLIAMENTARY EARLY DAY MOTION
EQUITABLE LIFE (no. 2) (3 June 2003)
Motion Details
That this House notes the forensic study of the Equitable Life's accounts by accountants Burgess Hodgson, which revealed a ú1 billion black hole in the Society's finances at the beginning of the 1990's; also notes that the report demonstrates the Society's management consistently voted bonuses so that its liabilities were in excess of its assets; is concerned that the financial information available to Burgess Hodgson was also available to the regulators at the time; notes that many pensioners are currently suffering financial hardship because of the Society's mismanagement and an apparent failure of the regulatory system to protect policyholders; and calls on the Parliamentary Ombudsman to immediately investigate the complaints of maladministration relating to the period before 1999 that have been referred to her by many honourable Members on behalf of their constituents.
Sponsored by:
Dr Ian Gibson (Labour)
EDMS Sponsor By Party
Party
Votes
%
Labour
97
51%
Conservative
34
18%
Liberal Democrat
34
18%
Independent
8
4%
Scottish National Party
3
2%
Ulster Unionist Party
3
2%
Plaid Cymru
3
2%
Democratic Unionist Party
2
1%
Non-affiliated
2
1%
Reform UK
1
1%
Speaker
1
1%
The Independent Group for Change
1
1%
Not Available
1
1%
Sponsor List (190 sponsors)
Party
Member
Constituency
Lab
Baroness Adams of Craigielea
Lord Allan of Hallam
Con
Sir David Amess
Lab
Ms Candy Atherton
Con
Mr Peter Atkinson
Lab
John Austin
LD
Norman Baker
Lab
Mr Harry Barnes
LD
John Barrett
Lab
Dame Anne Begg
UUP
Mr Roy Beggs
Spk
John Bercow
Lab
Roger Berry
Lab
Mr Harold Best
Con
Baroness Bottomley of Nettlestone
Con
Sir Peter Bottomley
Lab
Lord Bradley
Lab
Peter Bradley
Con
Lord Brady of Altrincham
LD
Tom Brake
LD
Mr Colin Breed
LD
Annette Brooke
Lab
Mr Russell Brown
LD
Lord Bruce of Bennachie
Lab
Ms Karen Buck
Lab
Richard Burden
LD
Lord Burnett
Lab
Andy Burnham
Makerfield
Con
Sir Simon Burns
UUP
David Burnside
Con
Sir John Butterfill
LD
Sir Vince Cable
LD
Mrs Patsy Calton
LD
Lord Campbell of Pittenweem
DUP
Mr Gregory Campbell
East Londonderry
Lab
Mr Ronnie Campbell
Lab
Mrs Anne Campbell
LD
Mr Alistair Carmichael
Orkney and Shetland
Lab
Martin Caton
Con
Sir Sydney Chapman
LD
Lord Chidgey
Lab
Mr Michael Clapham
Lab
Mrs Helen Clark
Lab
Ann Clwyd
Lab
Harry Cohen
Lab
Mr Iain Coleman
Lab
Mr Tony Colman
Derek Conway
Lab
Frank Cook
LD
Lord Cotter
Lab
Tom Cox
Lab
Sir David Crausby
Lab
Lord Cryer
Lab
Mrs Ann Cryer
LD
Ed Davey
Kingston and Surbiton
Lab
Valerie Davey
Lab
Mrs Janet Dean
Lab
Frank Dobson
DUP
Lord Dodds of Duncairn
Ind
Sir Jeffrey M Donaldson
Con
Mr Stephen Dorrell
LD
Sue Doughty
Lab
Dr David Drew
Con
Sir Alan Duncan
Lab
Mr Huw Edwards
Ind
Dame Louise Ellman
Lab
Jeff Ennis
Lab
Bill Etherington
Con
Mr Nigel Evans
SNP
Annabelle Ewing
Con
Michael Fabricant
Lab
Paul Farrelly
Con
Mark Field
Lab
Mark Fisher
Con
Mr Adrian Flook
Lab
Paul Flynn
Lab
Barbara Follett
LD
Lord Foster of Bath
Lab
Michael Jabez Foster
IGC
Mike Gapes
LD
Andrew George
St Ives
Lab
Mr Bruce George
Lab
Dr Ian Gibson (Sponsor)
LD
Sandra Gidley
Lab
Mr Roger Godsiff
Con
Lord Goodman of Wycombe
Lab
Mr Win Griffiths
Lab
John Grogan
Lab
Patrick Hall
Ind
Mr Mike Hancock
LD
Dr Evan Harris
LD
Sir Nick Harvey
LD
Mr David Heath
Ind
Lady Hermon
LD
Paul Holmes
Lab
Mr Jim Hood
LD
Simon Hughes
Lab
Mrs Joan Humble
Lab
Mr Alan Hurst
Lab
Glenda Jackson
Lab
Mr Robert Jackson
Lab
Mr Brian Jenkins
LD
Lord Jones of Cheltenham
Lab
Lynne Jones
Lab
Mr Jon Owen Jones
Lab
Mr Piara S Khabra
Lab
Mr David Kidney
Lab
Andy King
Con
Julie Kirkbride
Lab
Dr Ashok Kumar
Lab
Mrs Jackie Lawrence
Lab
Mark Lazarowicz
Con
Sir Edward Leigh
Gainsborough
Lab
David Lepper
Lab
Mr Terry Lewis
PC
Mr Elfyn Llwyd
Lab
Mr John Lyons
Lab
Mr Khalid Mahmood
Lab
Mr David Marshall
Lab
Mr Jim Marshall
Con
Lord McLoughlin
Lab
Mr Kevin McNamara
Lab
Austin Mitchell
Lab
Julie Morgan
Lab
Lord O'Neill of Clackmannan
LD
Mr Mark Oaten
Lab
Mr Bill Olner
LD
Lembit Öpik
Lab
Diana Organ
Con
Mr George Osborne
Lab
Linda Perham
Lab
Mr Peter Pike
Lab
Mr Kerry Pollard
PC
Adam Price
Lab
Gwyn Prosser
LD
John Pugh
Lab
Baroness Quin
Lab
Mr Geoffrey Robinson
Ind
Mrs Iris Robinson
Con
Dame Marion Roe
RUK
Andrew Rosindell
Romford
Lab
Mr Frank Roy
Lab
Dame Joan Ruddock
LD
Sir Bob Russell
SNP
Alex Salmond
LD
Mr Adrian Sanders
Lab
Phil Sawford
Con
Andrew Selous
Lab
Mr Barry Sheerman
Con
Baroness Shephard of Northwold
Con
Sir Richard Shepherd
Lab
Jim Sheridan
Lab
Alan Simpson
Con
Mr Keith Simpson
Lab
Mr Dennis Skinner
Lab
Geraldine Smith
LD
Sir Robert Smith
UUP
The Rev Martin Smyth
Ind
Bob Spink
Lab
Mr Gerry Steinberg
Lab
Mr Paul Stinchcombe
Lab
Dr Howard Stoate
Lab
Dr Gavin Strang
Con
Sir Gary Streeter
LD
Lord Stunell
Con
Sir Desmond Swayne
New Forest West
Con
Lord Swire
LD
Lord Taylor of Goss Moor
Ind
Dr Richard Taylor
Con
Mr Ian Taylor
PC
Mr Simon Thomas
Baroness Tonge
Con
David Tredinnick
Lab
Jon Trickett
Normanton and Hemsworth
Con
Sir Peter Viggers
Lab
Dr Rudi Vis
Lab
Joan Walley
Con
Mr Robert Walter
Ind
Mr Robert N. Wareing
LD
Steve Webb
Lab
Brian White
Con
Mr John Wilkinson
Lab
Mrs Betty Williams
Con
Ann Winterton
Con
Sir Nicholas Winterton
SNP
Pete Wishart
Perth and Kinross-shire
Lab
Mr Jimmy Wray
Lab
David Wright
Lab
Derek Wyatt
LD
Richard Younger-Ross
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