Treasury makes 10,000 Eq Life payments per week

The number of weekly payments will be increased in the coming months in order to achieve the government's target of compensating all of the victims within three years, Hoban said. The announcement comes after some Equitable Life investors complained only 10,000 of the 945,000 policyholders due compensation had received in December last year. Hoban added payments to with-profits investors who annuitized after 1992, a separate group of Equitable Life investors, have also begun and 3,000 have received their money already. The payments scheme, announced in May 2011 and started the foll...