Policy paper

Equitable Life Payment Scheme design

Documents explaining the design and rules of the Equitable Life Payment Scheme.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

The Equitable Life Payment Scheme design

Technical annex: loss calculation method and payment value assumptions used

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Clarifications to the Equitable Life Scheme design

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The Equitable Life Payment Scheme design document explains the design and rules of the scheme in full, and also provides background information to the scheme.

The technical annex sets out the methodology and assumptions used to determine the relative loss or relative gain for eligible Equitable Life policies. It explains how those losses and gains are offset for each policyholder, and how, after allowing for the proportion of losses to be paid, the de minimis amount is applied.

The final document provides clarifications on the design of the scheme and its technical annex. The clarifications listed should be read in conjunction with the original documents and form part of those documents.

Published 1 July 2014
Last updated 23 September 2014 + show all updates
  1. Updated Clarification document
  2. First published.