This letter sets out our response to the findings of the Inquiry as they relate to the work of the FSA.
In brief:
• We welcome the support given by Lord Penrose to the extensive programme of reform of life insurance regulation that is already under way and is described further below.
• He has made a number of important observations - we are able to comment briefly on some below, while others will require further work.
• The Equitable's continuing regulation will need to take account of several key points made by Lord Penrose.
The rest of letter is available at www.fsa.gov.uk.
