Equitable Life scheme payouts approach £1bn

Laura Miller
clock

The government's Equitable Life Payments Scheme (ELPS) has now issued over £990.5m worth of payments.

Since July 2014, the scheme has issued payments to a further 10,000 policy holders, meaning that out of a million eligible policyholders, over 887,000 have now had payments issued to them. Out o...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Rise in reported cyber incidents in 2023/24

Rise in reported cyber incidents in 2023/24

Eversheds Sutherland finds 284 reported cyber incidents occurred in last financial year for pensions

Jasmine Urquhart
clock 22 November 2024 • 1 min read
TPO orders trustee director to repay £9.7m into schemes

TPO orders trustee director to repay £9.7m into schemes

Former director of trustee firm ordered to pay into Uniway Systems and Genwick schemes

Jasmine Urquhart
clock 19 November 2024 • 1 min read
SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

Trade body says it mostly supports the DWPs proposed regulations

Jasmine Urquhart
clock 18 November 2024 • 1 min read
Trustpilot