Written Question·Treasury·UIN 63724

Equitable Life Assurance Society: Compensation

Tabled: 30 June 2025
Answered: 3 July 2025

Question

Edward Morello

Liberal Democrat — West Dorset

To ask the Chancellor of the Exchequer, whether her Department has made a recent assessment of the adequacy of compensation provided to Equitable Life policyholders.

Answer

Torsten Bell
The Equitable Life Payment Scheme was designed by the Coalition Government and closed in 2016. There are no plans to reopen decisions relating to the Payment Scheme. Further guidance on the status of the Payment Scheme after closure is available at: https...
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