Equitable Life Update
The Penrose Report has now been published and and contains a great deal of information. It is clear from the Report and the Statement made to the House of Commons that further legal action may be forthcoming either from the Fraud Office or the DTi. I am sure there will be a great deal of media speculation about what happens next. The complexity of the Penrose Report demonstrates that it is not possible to act in haste. I will contine to monitor the situation and developments on behalf of the 2 constitiuents who have contacted me about this matter. Some have jumped on the bandwagon with this important issue with hasty EDMs. Until further work is carried out by other bodies I will not join those who seek short term opportunism from a very serious and sober issue.
March 2004
- Penrose Q&A
Your questions about the Penrose Report answered
I have taken up several complaints regarding the Equitable Life situation with the Parliamentary Ombudsman over the last few months.
The Ombudsman has now reported back his findings from the investigation that was held.
If you would like to read the report and its findings, please visit:
- Equitable Life Report
A Further Investigation of the Prudential Regulation of Equitable Life?
Parliamentary Ombudsman
