As an Equitable Life policyholder, I was appalled to read (Deloittes bags FSA audit, 28 June, page 2) that Ernst & Young is to be appointed as ‘hands on’ internal auditor to the Financial Services Authority. I had previously read in Accountancy Age that the FSA (and other bodies) were going to review Ernst & Young’s role in the collapse of Equitable Life. It beggars belief that the FSA is now cosying up to Ernst & Young.
Maxwell pensioners can tell us that we have been here before: the large corporates and vested interests working in concert to ensure that the few stay rich, while ordinary folk have to carry the cost.
Guy Mulley, Cambridge
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