A parliamentary report into the Equitable Life case has been delayed again
and is now unlikely to appear before October.
The Parliamentary Ombudsman Ann Abraham has been investigating accusations of
regulatory failure leading to the near collapse of the mutual insurer. She has
written to MPs warning them of the new delay, The Guardian reports today.
A government demand for more time to respond to the report’s findings has
been blamed by campaigners for the delay. The Equitable Members Action Group
(Emag) claimed there is evidence yet to emerge which will be embarrassing to the
A special European committee of inquiry is to investigate the role of the
Financial Services authority in the debacle.
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges