News: 05/04/2012 - Compensation now flowing ‘thin and fast’

EMAG has recently received a cascade of members confirming they now have their notice of the payments they will be receiving...at last. We now have sufficient case studies that we have been able to pass on (anonymised) to our actuaries to reverse–engineer the Scheme's calculation methodology to check its veracity. We will be reporting soon on that study. Do note that at least the compensation warrants you receive are tax free and need not be declared.

The actual Scheme letters are causing confusion and consternation as people don't understand the letters. Some have challenged the way the figures have been arrived at, only to receive inscrutable written replies simply referring them to the lengthy and complex Scheme details, published in May 2011. Realise, please, that you are entitled to demand the basis of your compensation calculation by asking in writing for what the Scheme describes as your ‘core data report’.