EQUITABLE LIFE MEMBERS

Government Enquiry

Last Updated: Monday, January 21, 2002 11:23 PM

The Government has announced that there will be an Enquiry into the Equitable Life debacle headed by Lord Penrose.

Hon. Lord Penrose (George William Penrose)

Lord Penrose has been a Judge since 1990. He sits for part of the time in the specialist court for commercial actions. He is a graduate of Glasgow University (MA, LLB) and a Chartered Accountant. He was admitted to the Faculty of Advocates in 1964 and appointed Queen's Counsel in 1978.

Before being appointed to the Court of Session, he served as Advocate Depute from 1986 and Home Advocate Depute from 1988 until 1990. He has also served as a Chairman of the Financial Services Tribunal and was President of the Scottish proceedings of the Aircraft and Shipbuilding Industries Arbitration Tribunal from 1977 to 1983.

From 1984 until 1990 Lord Penrose was Procurator to the General Assembly of the Church of Scotland.

Ruth Kelly, a Economic Secretary to the Treasury, announced the enquiry.