During a debate on compensation arrangements for victims of the collapse of Equitable Life, Andrew Bridgen tells MPs that a 10% payout would be neither a fair nor equitable result for policyholders.

Andrew Bridgen (North West Leicestershire) (Con): Does my hon. Friend agree that the majority of Members and the majority of the public out on the streets will not believe that a 10% payout even on a £5 billion liability is either a fair or equitable result for policyholders?

David Rutley: My hon. Friend makes an excellent point. It is vital for Ministers to take that into consideration and find the right level of payment in this difficult situation.

| Hansard