Written Question·Treasury·UIN 41924
Equitable Life Assurance Society: Compensation
Tabled: 27 March 2025
Answered: 2 April 2025
Named DayQuestion
Pippa Heylings
Liberal Democrat — South Cambridgeshire
To ask the Chancellor of the Exchequer, what recent assessment her Department has made of the adequacy of the compensation provided to Equitable Life policyholders.
Answer
Emma ReynoldsThe 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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