equitable life – pensionsandsavings.com

Equitable Life saga drags on as Compensation Scheme extended

October 9, 2013 Ros Altmann Comments 1 comment

9 October 2013 Good that there is more time to trace victims, shame it’s taken so long so far! Government should be commended for continuing its commitment to help those affected The Government deserves some praise for taking the decision to extend the Equitable Life Compensation Scheme deadline and allow more time to trace the victims. Around one million people may be eligible for compensation, but around 400,000 of them have not yet been traced. It is not clear why…

Equitable Life compensation payments

July 25, 2013 Ros Altmann Comments 0 Comment

Damning report highlights failings in Equitable Life compensation system Treasury accused of dragging its heels and administrative failings and imposing arbitrary deadlines But at least the Government deserves some credit for actually paying money out – after so many years of delays The Public Administration Committee has published its report highlighting major failings in the scheme set up to pay compensation to Equitable Life victims. This scandal has been dragging on for so many years that many of the…