Equitable Life Assurance Society: Compensation

Treasury written question – answered on 7th April 2014.

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Photo of Graham Brady Graham Brady Chair, Conservative Party 1922 Committee

To ask the Chancellor of the Exchequer how many appeals made to the Equitable Life Payment Scheme have taken (a) more than one month, (b) more than three months, (c) more than six months and (d) over a year to decide.

Photo of Sajid Javid Sajid Javid The Financial Secretary to the Treasury

This data is not recorded. The Independent Review Panel aims to reach a decision within three months. However, the amount of time taken to process an appeal depends upon the complexity of the case, the quality of the information supplied by the policyholder and the need for investigation with other parties.

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