Equitable Life Assurance Society: Compensation

Treasury written question – answered on 8th April 2014.

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

To ask the Chancellor of the Exchequer what the (a) highest, (b) lowest and (c) average additional award paid following a successful appeal made to the Equitable Life payment scheme is.

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

Out of the nine successful appeals by non-annuitants following receipt of new input data, the highest, lowest and average additional payments were:

(a) £5,230.31

(b) £32.91

(c) £1,891.51

In addition two annuitants have made successful appeals. The total value of the payments made to them will depend on the duration on their annuity.

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