The Economic Secretary to the Treasury (Andrea Leadsom)
As of 30 June 2014, the scheme has now issued payments totalling £972.9 million to 877,414 policyholders. The scheme has published a further progress report, which can be found at: www.gov.uk/equitable-life-payment-scheme.
The scheme has gone to significant lengths to trace eligible policyholders. It remains committed to tracing and paying as many eligible policyholders as possible, and will continue to consider all proportionate actions it can take to do this.
The scheme encourages any policyholders who believe themselves to be eligible to call the scheme on: 0300 0200 150. The scheme can verify the identity of most policyholders on the telephone, which means any payment due can usually be received within two weeks.