Written Question·Treasury·UIN 21417

Equitable Life Assurance Society: Compensation

Tabled: 19 December 2024

Answered: 8 January 2025

Question

Mr Joshua Reynolds

To ask the Chancellor of the Exchequer, if she will make it her policy to pay additional compensation to people impacted by the collapse of Equitable Life.

Answer

Tulip Siddiq

The Equitable Life Payment Scheme has been fully wound down and closed since 2016 and there are no plans to reopen any decisions relating to the Payment Scheme or review the £1.5 billion funding allocation previously made to it. Further guidance on the st...

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