A joint 500-page response from the FSA, Treasury and Government Actuary's Department has delayed the Parliamentary Ombudsman's report into the collapse of Equitable Life until at least the end of the year.
In October, Ann Abrahams delayed the report until at least May to provide time to analyse new evidence which came to light over the summer and to allow interested parties to respond. However, in a letter to MPs issued yesterday Abrahams says a 500-page joint response from the FSA, Treasury and GAD addressing issues such as the investigation process; scope of the draft report; and a range of legal and actuarial issues, she can “give no commitment as to the timetable for publication”. She says: “Given the nature and extent of these representations, I will need time to consider, together...
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