Written Question·Treasury·UIN 79922
Equitable Life Assurance Society: Compensation
Tabled: 10 October 2025
Answered: 16 October 2025
Question
Euan Stainbank
Labour — Falkirk
To ask the Chancellor of the Exchequer, whether the Government have reviewed the underspend on the Equitable Life Payment Scheme.
Answer
Torsten BellUnder the previous Conservative Government, the Equitable Life Payment Scheme was wound down and closed in 2016. The only remaining part of the Payment Scheme in operation is the annual payments made to eligible With-Profit-Annuitants and the Scheme is on...
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