Equitable Life Payment Scheme

SteveR1927

I'm still waiting after numerous promises over the last year or two. All I've received is letters promising it will be sorted out within the next few weeks. A total shambles if you ask me.

Phoning the 'helpline' is a waste of time, they can't tell you anything to do with your personal case. What's the point in a helpline then? :mad:

Old_Slaphead

If it had been a PPI claim (and even if you'd asked for the cover) the taxpayer will have been happy to firehose compensation your way.

But it's EL and you're supposed to be an affluent middle class saver well, tough luck, you can await scraps the government is prepared to grudgingly distribute for the Regulator's incompetence - and be jolly grateful for whatever and whenever you get it!

Oswulf

Can anyone say roughly how long it currently takes between the scheme receiving your proof of identity documents and responding? It's now been a month and I've heard nothing.

stinktankcynic

No proof of ID, they just sent a cheque. A fraction of the money they worked out that I lost. Thanks government.

Heaton

:j:jWe have today received a payment via warrant rather than a cheque. It stated to take this to the bank within 3 months. On trying to deposit this today it was refused by the bank as they stated it wasn't signed. Can anyone help here :j:j

Dick_here

I received a letter yesterday, saying I'd be getting £78 (22% of the total loss), still it wasn't something I was expecting. It was as I had an AVC with them which I took out as part of my company pension scheme. Nice to get unexpected free money for a change

Dick_here

And today I've received the warrant

woolly_wombat

Heaton wrote: »

:j:jWe have today received a payment via warrant rather than a cheque. It stated to take this to the bank within 3 months. On trying to deposit this today it was refused by the bank as they stated it wasn't signed. Can anyone help here :j:j

There should be a space on the warrant for you to add your signature before paying it in.

The warrant should look exactly like a premium bond warrant - they used not to have to be signed but NS&I have tightened up recently (not before time).

ww

Fruity_Pebbles

woolly_wombat wrote: »

There should be a space on the warrant for you to add your signature before paying it in.

The warrant should look exactly like a premium bond warrant - they used not to have to be signed but NS&I have tightened up recently (not before time).

ww

I've received my warrant, again unsigned. Sorry to sound thick but I've never seen one of these before. At the bottom of the cheque my name is stated twice and there is a space in between, is this where I should be signing?

thanks

woolly_wombat

The Equitable Life Payment Scheme has been unable to trace members of some group schemes where scheme trustees have failed to return members’ details and they have therefore been unable to trace some policyholders who are due payment.

Claims must be made by 31 December 2015.

More details here (scroll right down to "Group (company pension) scheme policies" near the bottom of the page to reveal a link to a list of group schemes who failed to respond):
https://www.gov.uk/guidance/equitable-life-payment-scheme

The list includes policies of 'big name' employers, e.g.

E0776…..SURREY COUNTY COUNCIL AVC PLAN

W0521…..MERCK PENSION SCHEME

P0766…..HOGG GROUP AVC SCHEME

Q0025…..TotalFinaElf UK Pension Plan

Q0508…..JOHNSON MATTHEY EMPLOYEES PENSION SCHEME

C0470…..BASF UK Group Pension Scheme

P0909…..UNIVERSITY OF MANCHESTER SUPERANNUATION SCHEME
VOLUNTARY CONTRIBUTION PLAN

C0263…..KWIK FIT GROUP PENSION & LIFE ASSURANCE SCHEME


E0891…..THE HALLIBURTON UK PENSION PLAN

Q1483…..SEVERN TRENT PENSION SCHEME

E3152…..GATE GOURMET IRELAND LIMITED PENSION SCHEME

M0045…..KRAFT FOODS RETIREMENT BENEFITS PLAN

N0743…..THE HALLIBURTON UK PENSION PLAN