The European Parliament is planning to investigate the Equitable Life scandal.

Position:Equitable Life Assurance Society of the United States - Brief article
 
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The European Parliament is planning to investigate the Equitable Life scandal, which left a million policy-holders facing heavy losses.

The life insurer's near collapse also affected 15,000 policy-holders outside the UK, particularly in Germany and Ireland. The inquiry would examine whether the UK failed to apply EU legislation.

From 1989 to 1999 Equitable Life was regulated by the Department of Trade and...

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