MEPs to probe near-collapse of Equitable Life

A YEAR-LONG investigation into the near collapse of the insurance company, Equitable Life, will be carried out by a European Parliament committee.

About 6,500 Irish people were among the one million policy holders who lost close to €2 billion in pensions, savings and insurance five years ago.

Ireland East MEP Mairead McGuinness and Dublin MEPs Proinsias De Rossa and Gay Mitchell are expected to be on the 22-person committee, while Ms McGuinness is a contender to chair the group.