Amazines Free Article Archive
www.amazines.com - Thursday, January 23, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133326)
 Advice (160998)
 Affiliate Programs (34736)
 Art and Culture (73698)
 Automotive (145681)
 Blogs (75065)
 Boating (9841)
 Books (17218)
 Buddhism (4125)
 Business (1328652)
 Business News (426321)
 Business Opportunities (366271)
 Camping (10962)
 Career (72737)
 Christianity (15846)
 Collecting (11637)
 Communication (115053)
 Computers (241955)
 Construction (38999)
 Consumer (49681)
 Cooking (17061)
 Copywriting (6568)
 Crafts (18205)
 Cuisine (7539)
 Current Affairs (20394)
 Dating (45782)
 EBooks (19687)
 E-Commerce (48205)
 Education (185261)
 Electronics (83503)
 Email (6395)
 Entertainment (159842)
 Environment (28938)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110901)
 Fashion & Cosmetics (196391)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310290)
 Fitness (106205)
 Food & Beverages (62874)
 Free Web Resources (7938)
 Gambling (30228)
 Gardening (25112)
 Government (10514)
 Health (629627)
 Hinduism (2205)
 Hobbies (44046)
 Home Business (91561)
 Home Improvement (251375)
 Home Repair (46146)
 Humor (4825)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29560)
 International Property (3485)
 Internet (190991)
 Internet Marketing (146346)
 Investment (22826)
 Islam (1167)
 Judaism (1356)
 Law (80519)
 Link Popularity (4592)
 Manufacturing (20842)
 Marketing (98789)
 MLM (14136)
 Motivation (18213)
 Music (27005)
 New to the Internet (9480)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38079)
 Poetry (2234)
 Press Release (12676)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126633)
 Recreation & Leisure (95292)
 Relationships (87564)
 Research (16159)
 Sales (80325)
 Science & Technology (110227)
 Search Engines (23460)
 Self Improvement (153103)
 Seniors (6233)
 Sexuality (35943)
 Small Business (49288)
 Software (82996)
 Spiritual (23468)
 Sports (116086)
 Tax (7658)
 Telecommuting (34068)
 Travel & Tourism (307493)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11728)
 Website Design (56833)
 Website Promotion (36573)
 World News (1000+)
 Writing (35776)
Author Spotlight
ELLIOT CHANG

Financial analyst and author writing on economy and business. ...more
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , busyness...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more


Equitable Life Compensation Scheme Extended by Rayan Lee





Article Author Biography
Equitable Life Compensation Scheme Extended by
Article Posted: 10/25/2013
Article Views: 558
Articles Written: 17
Word Count: 567
Article Votes: 0
AddThis Social Bookmark Button

Equitable Life Compensation Scheme Extended


 
Business News,Consumer,Current Affairs
Scheme administrators struggling to locate 400,000 policyholders who could benefit

The Treasury has today announced that the Equitable Life Payment Scheme (ELPS), which had been due to close in April 2014, has been extended until the middle of 2015. The scheme was established to compensate victims of the Equitable Life near-collapse, who had pensions or investments with the firm, and which they took out after 1 September 1992. The reason for the extension is the difficulty in contacting a significant number of those entitled to compensation.

Although the government agreed as far back as 2010 that victims who had lost money should receive compensation, with the first payments being made to policyholders in 2010, it has still not succeeded in identifying all of those eligible for redress. The reason behind the delay is that the customer contact information it received from Equitable Life was incomplete. Some of the contact details were out of date, while there were no contact details at all listed for other customers.

Equitable Members' Action Group offered to provide its database of 350,000 policyholders Some time ago, the Equitable Members' Action Group (EMAG) offered to supply its database of some 350,000 consumers who were registered with them to the Treasury. However, the department rejected this proposal, claiming that such action would be in breach of the Data Protection Act.

The extension is to allow as many people as possible benefit as report suggested 200,000 might get nothing A damning investigation by the Commons Public Accounts Committee recently found that up to a fifth of those due compensation, some 200,000 people, might not get any, due to the debacle. The Committee's report also criticized the failure to do sufficient preparation before the redress scheme began. This led to just GBP 168m being distributed instead of GBP 500m, as anticipated, by March 2012, while GBP 577m had been paid out to just over 400,000 policyholders by March 2013. To date, compensation in excess of GBP 730m has been paid to almost 550,000 victims.

EMAG welcomes decision but notes that 547,000 with company or trustee scheme policies may be difficult to find While EMAG's Paul Weir welcomed the decision to extend the scheme date, he noted that the most difficult challenge would be locating 547,000 policyholders in company or trustee schemes. In some cases, trustees have retired or moved on while, in others, the companies concerned no longer exist.

A national advertising campaign will ask possible victims to come forward for compensation In an effort to speed up the process of identifying those due compensation, the Treasury will begin running a national advertising scheme to encourage anyone who could be eligible to get in contact. Other methods used to try to trace those affected have included writing to a last known address, if there was one, checking the phone book, checking the electoral register and looking at credit histories.

Any consumers who feel that they may be due compensation should contact the scheme administrators. For further information, visit http://equitablelifepaymentscheme.independent.gov.uk/ or call 0300-0200 150

Any policyholders with policies pre-dating September 1992 can find further information about their scheme at https://www.gov.uk/government/publications/equitable-life-payments

For further information about Equitable Members' Action Group, visit http://www.emag.org.uk/

Author is doing research and writing article on how to complain, latest consumer news in UK and online consumer forum in UK.

Related Articles - how to complain, where to complain, consumer complaints, latest consumer news,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more
JOANNA MORGAN

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license