Commission report divvies up Eq Life compensation

The commission recommends a pro rata allocation of the available funds, in proportion to the size of relative losses suffered, equating to 22.4% of non with profit annuity policyholders' relative losses. It also says there should be a minimum amount, of around £10, beneath which payments should not be made. This is because administering very small payments below this sum would be disproportionate to the administrative costs of making them while being of negligible significance to recipients. The commission recommends taking a single policyholder view, wherever practicable, offsetti...