Kelly singed rather than barbecued over Equitable

This morning's Committee meeting follows the publication of the Penrose Report last week, which gave rise to a public outcry after it was revealed the government had been cleared of blame but given a slap on its wrist at the same time. When asked by a Committee member about the government's responsiblities for the whole affair - which saw thousands of former an current policyholders lose nearly or all of their savings - Kelly refered back to the Penrose report, saying he did not attempt to allocate the blame. Although she admitted that "in hindsight we certainly accept that the regul...