EMAG

The independent action group for current and ex Equitable Life policyholders, funded by contributions.

Equitable Members Action Group

Equitable Members Action Group Limited, a company limited by guarantee, number 5471535 registered in the UK

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Penrose Inquiry

Within the items listed below we feature comment that we consider well-informed. We don't necessarily endorse the views expressed nor do we seek to give financial advice.

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  • 21 Dec '02 - Update following Vanni Treves Interview

    In the light of the Channel 4 Vanni Treves interview EMAG wrote to the Penrose Inquiry about concern that Treves and the Parliamentary Ombudsman were both implying a remit to the Inquiry beyond the Treasury's parameters.

    The letter included: "....it would be timely and appropriate for the Inquiry to immediately re-state the limit of the remit i.e. "...not his role to make determinations of liabilities between the parties"

    AND

    "....careful not to assume the proper function of the courts. Any decision to award compensation in the absence of a determination of liability would be a matter of public policy for the Government."

    Hugh Burns, civil servant secretary to the Inquiry, replied immediately (20th Dec) but declined EMAG's suggestion. Click here for his reply