The Independent Commission on Equitable Life Payments (“ICELP”)
The ICELP has been set up by the Government to recommend how best to fairly allocate funds provided for the Equitable Life Payments Scheme as part of the Autumn 2010 Spending Review to those persons found to have suffered relative losses as a result of accepted Government maladministration and advise on any groups or classes of persons that should be paid as a priority. It has been asked to provide its final advice to the Government by the end of January 2011.
In response to the ICELP’s discussion paper “Equitable Life Payments Scheme: achieving a fair allocation and order of payments” issued on 3 November, the Commission has written to the ICELP to try to ensure that Guernsey branch policyholders are treated fairly, in line with other “domestic” policyholders, when the ICELP provides its advice to the Government.
A copy of the Commission’s submission can be viewed here.
Information on the ICELP is available at http://equitablelifepayments.independent.gov.uk.