Written Question·Treasury·UIN 67792
Equitable Life Assurance Society: Compensation
Tabled: 14 July 2025
Answered: 18 July 2025
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Chancellor of the Exchequer, how much of the the Equitable Life Payment Scheme has been paid out to eligible With-Profit-Annuitants.
Answer
Torsten BellThe Government allocated £1.5 billion to the Equitable Life Payment Scheme. Before it ceased operations in 2016, the Scheme had issued £1.12 billion in tax-free payments to nearly 933,000 policyholders. The remainder of the £1.5 billion has been set aside...
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