Equitable Life

Treasury written question – answered on 7th November 2001.

Alert me about debates like this

Photo of Christopher Chope Christopher Chope Shadow Spokesperson (Treasury)

To ask the Chancellor of the Exchequer for what reasons Mr. Ronnie Baird and his team have no access to documents held by Equitable Life or its advisers in preparation of the FSA report on the review of the regulation of the Equitable Life Assurance Society.

Photo of Ruth Kelly Ruth Kelly Economic Secretary, HM Treasury

The terms of reference drawn up by the FSA board asked the review team to report on the discharge of its functions by the Financial Services Authority and the Personal Investment Authority. The review team had full access to files held by HM Treasury, the Financial Services Authority and the Government Actuary's Department. The review team did not deem it appropriate or necessary to extend the review to include obtaining access to documents in the possession of Equitable Life or any of its advisers. The report will be an important source of evidence to the independent inquiry being undertaken by Lord Penrose, which will be able to look carefully into the actions of Equitable over the years.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.