Treasury Committee

Session 2003-04 No. 11                                  28 January 2004


EQUITABLE LIFE: PENROSE REPORT

The Chairman of the Treasury Committee today sent a letter to the Financial Secretary to the Treasury (Ruth Kelly MP), in response to a letter from her of Friday 23 January. The text is as follows:

Ruth Kelly MP
Financial Secretary
HM Treasury
1 Horse Guards Road
London SW1A 2HQ                                          28 January 2004

Dear Ruth,

Equitable Life

Thank you for your letter of 23 January, concerning the referral of the Penrose Report to the Serious Fraud Office.

The Committee has noted this development, but wishes to place on record its hope and expectation that this will not cause any delay in the publication of the Report. We note that in your letter you stated that you still intend "to publish the report in full as soon as possible".

Yours ever,

John McFall MP

Chairman