EU investigation of Equitable Life asks for more time

The Committee was set up in January to investigate the way in which UK regulatory authorities applied relevant European Council directives and assess allegations they “consistently failed to protect policy holders” by not supervising accounting and provisioning practices at the provider as well as its financial situation. Its interim report published today by Liberal Democrat MEP Diana Wallis a member of the 22 member investigating committee, states because the UK Parliamentary Ombudsman report into the same issue is not due to be published until November, the Committee needs a further thr...