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Nation Life Insurance Company

Volume 887: debated on Monday 24 February 1975

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asked the Secretary of State for Trade if he is now able to give an approximate estimate of the net deficiency of assets of Nation Life.

No. The directions of the court on the bases to be used in determining the claims of policyholders have to be sought by the liquidator, while the value of some assets remains problematical. However, I understand that the liquidator has now realised assets amounting to £13 million. Policyholders can expect to receive interim and final distributions in due course which, in total, should amount to substantial sums.