HM Treasury is hunting for actuarial firms to work on the Equitable Life payment scheme and estimates the contracts could be worth up to £5m.
The Budget's message: get saving now; Equitable Life investors paid bonus to leave; Equitable Life savers get surprise pension boost; We will haunt MPs until they put this grave injustice right'
Equitable Life will give policyholders who leave the society an enhancement to their with-profits payment equivalent to 12.5% of their policy value.
The Serious Fraud Office has been instructed to release potentially sensitive documents about the downfall of Equitable Life following a Freedom of Information request.
The government has published the Independent Commission on Equitable Life Payments' report, which recommends how compensation worth £775m should be divided up.
The Independent Commission on Equitable Life Payments has published a discussion paper asking how funding to non with-profits annuitants should be allocated and prioritised.
Equitable Life victims will get about £1.5bn in compensation, the government has confirmed.
The £1.5bn that the government has put on the table to settle the long-running Equitable Life saga is a good deal.
Financial secretary Mark Hoban has pointed the finger of blame at the Labour government for the scale of payments owed to Equitable Life policyholders following the insurer's near collapse 10 years ago.
Equitable Life has urged the government to honour the Parliamentary Ombudsman's recommendation to make fair payments to policyholders.