Everyone to blame everyone else for the near-collapse of Equitable - papers 8th March

The FT says the judge's Treasury-commissioned inquiry will criticise government regulators as well as Equitable's former directors, however, Ruth Kelly MP, financial secretary to the Treasury, is already predicted to argue the fault was due more to a "hands off" regulatory framework put in place by the Tories. THE SCOTSMAN adds Equitable Life could be placed in administration if Lord Penrose has found evidence of extensive mismanagement and fraud. Paul Weir, of the Equitable Action Groups Combined (E7), has also suggested the report is likely to let Equitable policyholders "go hang" t...