BusinessCompany NewsEquitable report due out in the summer

Equitable report due out in the summer

The Treasury probe into embattled life assurer, Equitable Life, should be completed by next summer.

Link: E&Y tipped to win Equitable fight

The inquiry, led by senior Scottish judge, Lord Penrose, was initially to have been finished this summer.

But Hugh Burns, secretary to the Penrose inquiry, said in an open letter this weekend that the inquiry would report to the Treasury before the summer recess, next year.

The inquiry is only one of a number of Equitable Life cases that continue to rumble on. The company is still seeking damages of up to £2.6bn from former auditor, Ernst & Young.

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