This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Example calculations designed to help policyholders gain a better understanding of the payment calculation the Equitable Life Payment Scheme has carried out.
PDF, 648KB, 18 pages
PDF, 808KB, 12 pages
PDF, 800KB, 12 pages
Further information on the payment calculation has been produced by HM Treasury with the Government Actuary’s Department to help policyholders gain a better understanding of the payment calculation the Equitable Life Payment Scheme has carried out. Stakeholder feedback has been taken into account in the design and content of this information and we welcome feedback from policyholders on the publications to help to improve these and future publications.
The calculation overview for accumulating-with profits policies document explains the Equitable Life Payment Scheme’s calculation of relative loss and the payment which policyholders receive from the Scheme for eligible accumulating with-profits (AWP) policies.
The accumulating with-profits calculation examples set out simplified explanations of the payment calculation for AWP policies. The examples and return rate tables have been simplified to make the calculation easier for policyholders to follow.