Written Question·Treasury·UIN 55001

Equitable Life Assurance Society: Compensation

Tabled: 30 May 2025

Answered: 5 June 2025

Question

Kate Osamor

Labour (Co-op) — Edmonton and Winchmore Hill

To ask the Chancellor of the Exchequer, for what reason her Department will not review the decision to provide full compensation to victims of the Equitable Life.

Answer

Torsten Bell

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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