Equitable Life: Penrose and beyond

Please note that this briefing paper is no longer being updated but is kept here for readers seeking further detail. The most recent relevant briefing is Compensation for Equitable Life policyholders.

This Note outlines developments in the long running examination of the causes of and the search for remedies for, the collapse of Equitable Life. It starts with setting up of an inquiry by the Government into the causes of the troubles headed by a judge in Scotland, Lord Penrose. Another standard note deals with events leading up to this point: Equitable Life: Pre Penrose SN/BT/1197.