Tory MPs will press the government on a decision whether to extend retrospective powers of investigation to the Parliamentary Ombudsman's office through new legislation following an earlier admission the government may have missed a legal opening for an investigation into Equitable Life.
The Daily Telegraph says financial secretary Ruth Kelly’s admission on new legal advice that the Ombudsman could indeed review the government’s handling of Equitable Life was an “embarrassing climbdown” from her previous stance. One of the targets is likely to be the Government Actuary’s Department, which, along with the DTI was severely criticised in the Penrose report into what went wrong at Equitable Life, the paper adds. STANDARD LIFE does not figure on the list of acquisition targets held by Fred Goodwin, chief executive of Royal Bank of Scotland, The Scotsman writes. A statem...
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