Abraham reopens Equitable inquiry

Her decision follows pressure from policyholders and parliamentarians during a consultation period set aside by Abraham following the publication of the Penrose Report. "The concerns surrounding the prudential regulation of Equitable Life remain despite the publication of the Penrose Report and the Government's response to it," says Abraham. "I took the view that I should consider whether a new investigation by my Office was justified as Lord Penrose did not deal with questions of maladministration or redress. I also took the view that my decision on whether to investigate and, if so,...