Written Question·Treasury·UIN 37315

Equitable Life Assurance Society: Compensation

Tabled: 11 March 2025

Answered: 17 March 2025

Question

Munira Wilson

To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 January 2025 to Question 21417 on Equitable Life Assurance Society: Compensation, whether she has made an assessment of the potential merits of providing full financial redress in cases w

Answer

Emma Reynolds

In 2010 the government allocated up to £1.5 billon, tax free, for payment to affected policyholders and this decision was in line with the Ombudsman’s report. More detail on the history of the action taken on this issue can be found at: https://www.gov.uk...

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