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46462

	registered interest
	date	02/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr 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.
	tabling member constituency	Altrincham and Sale West
	tabling member printed	Mr Graham Brady
	uin	194938
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p> </p><p>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.</p><p> </p><p>Two annuitants have made successful appeals, and the total value of the payments made to them will depend on the duration on their annuity.</p><p> </p> answering member constituency Bromsgrove answering member printed Sajid Javid question first answered 08/04/2014 12:00:00 answering member 3945 label Biography information for Sir Sajid Javid
	tabling member	435 label Biography information for Sir Graham Brady

46463

	registered interest
	date	02/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many appeals made to the Equitable Life Payment Scheme (a) have been decided and (b) are awaiting resolution.
	tabling member constituency	Altrincham and Sale West
	tabling member printed	Mr Graham Brady
	uin	194935
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>Out of the over 800,000 payments that have been made, a total of 495 cases have been submitted to the Independent Review Panel to date. 477 have been resolved and 18 are in the process of being resolved.</p> answering member constituency Bromsgrove answering member printed Sajid Javid question first answered 08/04/2014 12:00:00 answering member 3945 label Biography information for Sir Sajid Javid
	tabling member	435 label Biography information for Sir Graham Brady

46464

	registered interest
	date	02/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr 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.
	tabling member constituency	Altrincham and Sale West
	tabling member printed	Mr Graham Brady
	uin	194936
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>Out of the 9 successful appeals by non-annuitants following receipt of new input data, the highest, lowest and average additional payments were: <br><br>a) £5,230.31<br>b) £32.91<br>c) £1,891.51<br><br>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.</p><p> </p><p> </p> answering member constituency Bromsgrove answering member printed Sajid Javid question first answered 08/04/2014 12:00:00 answering member 3945 label Biography information for Sir Sajid Javid
	tabling member	435 label Biography information for Sir Graham Brady

46467

	registered interest
	date	02/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what future plans the Government has to utilise funds from the unclaimed life policies or dormant bank accounts.
	tabling member constituency	Lincoln
	tabling member printed	Karl McCartney
	uin	194907
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>On 27 March the Government published a Review of the Dormant Bank and Building Society Accounts Act 2008, which set out the Government's view on the existing schemes set up in the legislation.</p><p> </p><p>The Government currently has no plans to use funds from unclaimed life insurance policies, but keeps all policy under review.</p><p> </p><p> </p> answering member constituency Bromsgrove answering member printed Sajid Javid question first answered 08/04/2014 12:00:00 answering member 3945 label Biography information for Sir Sajid Javid
	tabling member	4028 label Biography information for Karl McCartney

46469

	registered interest
	date	02/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the number of compensation cases which have been miscalculated by the Equitable Life Payment Scheme.
	tabling member constituency	Altrincham and Sale West
	tabling member printed	Mr Graham Brady
	uin	194850
	answer	answer is ministerial correction date of answer 08/04/2014 answer text <p>There have been no miscalculations as a result of any errors in the calculation methodology. 11 cases have, however, been recalculated as a result of new information supplied by the policyholder.</p> answering member constituency Bromsgrove answering member printed Sajid Javid question first answered 08/04/2014 12:00:00 answering member 3945 label Biography information for Sir Sajid Javid
	tabling member	435 label Biography information for Sir Graham Brady