Eq Life boss tells victims: accept smaller payout

Chris Wiscarson said the economic climate meant a payout of £2bn would be a "great start". Parliamentary Ombudsman Ann Abraham recently said previous proposals of payouts of between £400m and £500m were far too low and that a sum of between £4bn-£4.8bn would be more acceptable. However, speaking to Sky News, Wiscarson indicated a smaller payout should be taken by policyholders. "If we take the number of £4bn-£4.8bn and go to the lower end of that, £4bn, what can the Government really afford? "I have said that they are announcing 75% - or at least 25% reductions - in other Govern...