Published: 6th January 2014
Elmet and Rothwell MP, Alec Shelbrooke, is calling on any constituents who had pensions with Equitable Life to make sure they get the compensation promised to them by the government before it is too late.
“Although 450,000 people have now received a compensation cheque, about 20 per cent remain untraced and if people don’t get their claim in they will miss out,” said Mr Shelbrooke.
The Equitable Life Payments Scheme was set up in 2011 to pay up to £1.5 billion to victims of the Equitable Life scandal, and £600 million has already been paid out.
But many people still have to claim and the Treasury is planning to shut down the scheme in 2015.
Potentially there are more than 400 people in Elmet and Rothwell alone missing out on thousands of pounds in compensation.
The Parliamentary Ombudsman found that UK financial regulators had failed the firm’s customers every single year throughout the 1990s.
To claim confirm that your policy is eligible for the Scheme by telephoning the Scheme’s ‘Policychecker’ service on 0300 0200 150.
Or write to Equitable Life Payment Scheme, PO Box 4110, Glasgow G58 1EL quoting your full name, address and your Equitable Life policy number in all correspondence.
The Scheme website can be found at: http://tinyurl.com/ELcompensation or http://equitablelifepaymentscheme.independent.gov.uk/index.htm