§ 24. Mr. BaronTo ask the Chancellor of the Exchequer if he will make a statement on measures he has taken to end the uncertainty facing policyholders of Equitable Life. [85273]
§ Ruth KellyThe future of Equitable Life is a matter for the Board of the Society and its members. Equitable Life is regulated by the Financial Services Authority which has been working to ensure that clear and appropriate information is made available to policyholders by the Society and that the management of the Society comply with regulatory requirements.
The Government announced in August last year that an independent inquiry under Lord Penrose would investigate and report on the events surrounding Equitable Life.