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 total amount is in additional payments made by the Equitable Life payment scheme as a result of successful appeals to date; and what proportion that amount is of the total compensation awarded.

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

The value of additional payments made as a result of appeals is £17,023.61. This is 0.0019% of the total value paid by the scheme to date.

Two annuitants have made successful appeals, and the total value of the payments made to them will depend on the duration on their annuity.

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