Equitable Victims Face More Delays and Disappointment
Byline: Ruth Sunderland Associate City Editor
THOUSANDS of victims of the Equitable Life collapse face more delays in receiving compensation for their losses in the failed pension company.
Some 37,000 pensioners will have part of their payments spread out over five years, dashing hopes they were in line for a lump-sum cheque this summer and raising concerns some may die before they receive the full amount.
Details of the complicated compensation scheme were spelled out in a 50-page Treasury document published yesterday.
A sum of [pounds sterling]1.5billion will be paid in total to 945,000 victims. The first payments are due to be made by the end …
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Publication information: Article title: Equitable Victims Face More Delays and Disappointment. Contributors: Not available. Newspaper title: Daily Mail (London). Publication date: May 17, 2011. Page number: 8. © 2007 Daily Mail. COPYRIGHT 2011 Gale Group.
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