Food and Beverage Business
Consumer

Latest Horizon victim compensation figures released by the Post Office

Latest Horizon victim compensation figures released by the Post Office Compensation, figures, Horizon, Latest, latest Horizon, Office, Post, Post Office, publishes, Released, victim, victim compensation Food and Beverage Business

A total of £20.9m has been paid out to individuals whose convictions related to Horizon have been overturned by the Courts.

Simon Recaldin, Director of the Post Office’s remediation unit, stated: “Our primary objective is to promptly provide full and fair compensation. We have already made offers exceeding £121m, with the majority of them agreed upon and paid. Substantial interim payments are being made in cases that are still unresolved.”

The latest figures are as follows:

Horizon Shortfall Scheme (HSS)

Total Compensation Offers made 2,410 (99.7%) £100.9 million
Total Payments made 2,006 (83%) £72.7 million
Claims awaiting offer 7 (0.3%)

The Scheme is still open to late applications, and Post Office strongly encourages those who believe they may be entitled to compensation to come forward.

Offers and payments are being processed on a weekly basis, including interim payments for unresolved cases.

Thus far, £3.4m has been offered and £1.1m has been paid out for late applications.

A total of £20.9m in compensation has been provided to individuals whose convictions have been overturned:

  • All eligible claimants with overturned convictions, who have applied for an interim payment, have now received a minimum of £163,000.
  • In addition to interim payments, 56 individuals have agreed to settlements totaling over £6.8 million for personal damages.
  • 5 full and final settlements have been agreed upon and paid.

Post Office is collaborating with seven law firms and legal representatives representing postmasters with overturned convictions in order to establish remediation principles and processes. This will facilitate faster processing of claims that have not yet been submitted to the Post Office.

Please note that the Post Office is not involved in the administration of the GLO Scheme. The latest information from the government can be found here.

The Scheme, which is managed by the government, aims to provide additional compensation to approximately 500 individuals who were part of a Group Litigation settlement in 2019.

Related posts

Aero x Milkybar: Nestlé’s Newest Collaborative Venture

FAB Team

KP Snacks Revitalizes Popchips

FAB Team

Ehrmann and Glow25 Enhance Collagen Stability in Ready-to-Drink Coffee Collaboration

FAB Team