Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed question first answered answering member label
tabling member	label

Search

1127861

registered interest
date	21/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	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.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	256997
answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at <a href="https://www.gov.uk/government/publications/equitable-life-payment-scheme-design" target="_blank">https://www.gov.uk/government/publications/equitable-life-payment-scheme-design</a> .</p> answering member constituency Salisbury answering member printed John Glen question first answered 04/06/2019 06:47:46 answering member 4051 label Biography information for John Glen
tabling member	1537 label Biography information for Mr Philip Hollobone

1127869

registered interest
date	21/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many times corrections of payments to Equitable Life policyholders have been made; and what guarantees are in place to ensure that no further errors in the payments and calculation method will be made.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	257002
answer	answer is ministerial correction date of answer 04/06/2019 answer text <p>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> </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> </p><p>The Payment Scheme is now closed. The Payment Scheme’s final progress report set out the numbers of independent reviews conducted and this can be found at: <a href="https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report" target="_blank">https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 04/06/2019 06:47:29 answering member 4051 label Biography information for John Glen
tabling member	1537 label Biography information for Mr Philip Hollobone