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In 2010 the government allocated up to £1.5bn, tax free, for payment to affected policyholders. More detail on the history of the action taken on this issue can be found at https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report<\/a><\/p>"}
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], "questionText" : "To ask the Chancellor of the Exchequer, what steps the Government has taken to support people affected by the Equitable Life scandal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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], "questionText" : "To ask the Chancellor of the Exchequer, if he will place in the Library a copy of the detailed methodology used to calculate Equitable Life payment scheme compensation payments.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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, {"_about" : "http://data.parliament.uk/resources/1127861", "AnsweringBody" : [{"_value" : "Treasury"}
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], "questionText" : "To ask the Chancellor of the Exchequer, if he will place in the libraries of both Houses the methodology for calculating payments to Equitable Life policyholders.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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], "answer" : {"_about" : "http://data.parliament.uk/resources/1127869/answer", "answerText" : {"_value" : " The payment calculation has been examined by a panel of actuarial peers and the Equitable Members Action Group. No errors in the calculation methodology have been identified.<\/p> <\/p> Whilst the Payment Scheme was in operation policyholders could check the input data received from Equitable Life that was used as the basis for their individual calculation. Where an error was found in the records Equitable Life held, a policyholder could request an independent review of their individual payment and where necessary a payment could be recalculated.<\/p> <\/p>