First Eq Life cheques hit doormats today

These payments form the first wave of a £1.5bn compensation programme, announced during the 2010 Spending Review, to be delivered over the next three years. In May, financial secretary to the Treasury Mark Hoban promised the government would begin payments to Equitable Life victims by the end of June. Hoban said the payments follow "a decade of delay and indecision" on the issue. However, Paul Braithwaite, general secretary of the Equitable Members Action Group (EMAG), said the group is still dissatisfied. "Those deemed to receive 100% of their relative loss will get a terrible ...