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The Independent Commission on Equitable Life Payments was set up by the Government to:
It was asked to provide its final advice to the Government by the end of January 2011.
The Commission’s Advice to the Government has been published. This completes the work of the Commission.
The Government has accepted all of the principles recommended by the Commission.
Policyholders do not need to do anything at this stage. The Government will now build the Commission’s recommendations into a detailed scheme design document and present this to Parliament for review in the spring. Once the design has been reviewed, the Government should be able to provide policyholders with further information about the Payments Scheme.
For further information: