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Clamour for end to Equitable row
she said that the various regulators, such as the department of trade and industry, the government actuary's department, and the financial services authority, simply failed to use the powers available to them to protect the interests of equitable's policyholders .
she replied that there was a weighty report to consider that had, followed four years of investigation by parliamentary combudsman ann abraham .
mps abraham said the government should apologise for a decade of regulatory failure and identified 10 investances of maladministration by its departments .
the government has come under pressure to respond to a report that called for a compensation fund for policyhoulders in equitable life .
Generated 2008-11-2_13:56
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