Severe delays and errors have hit the payment scheme set up by government to compensate victims of Equitable Life, a report from the National Audit Office (NAO) has found.
Chancellor George Osborne has announced the government will extend its Equitable Life compensation payments to cover customers who bought with-profits policies before 1992.
Pensioner pressure groups have mounted campaigns in Eastleigh in a bid to capture attention as national media focus on the shock by-election.
The Equitable Life payment scheme has made payments to 288,823 policyholders, totalling at more than £277m, since its launch in June 2011.
Jonathan Stapleton asks why MPs can't practice what they preach on public sector pensions
More than £70m has so far been paid out to some 95,000 individual policyholders in Equitable Life, according to a progress report from the Treasury.
The first of the Equitable Life compensation payments will be sent out today.
The Treasury has today laid out its plans for the Equitable Life Payments Scheme.
The government is on track to begin paying compensation to Equitable Life victims before the end of June, financial secretary to the Treasury Mark Hoban confirms.