£5,000 equitable payout next week

%VIRTUAL-SkimlinksPromo%More than 9,000 victims of the Equitable Life scandal are to receive a £5,000 compensation payment by early next week, the Government confirmed.

The single "ex-gratia" payment will be made to those who were shut out of the main compensation scheme because they bought their annuities before a cut-off point in 1992.