Equitable Life payouts reach £816m

More than £800 million-worth of compensation payouts have now been made to over 700,000 victims of the Equitable Life scandal, the Government has announced.

Some £82 million-worth of payments were made in the second half of 2013, meaning that a total of 717,600 policyholders who suffered financial losses have received payments worth £816 million since the compensation scheme launched two-and-a-half years ago.
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