Written Question·Treasury·UIN 82077

Equitable Life Assurance Society: Compensation

Tabled: 14 October 2025
Answered: 20 October 2025
Named Day

Question

Luke Taylor

Liberal DemocratSutton and Cheam

To ask the Chancellor of the Exchequer, whether she plans to appoint an independent commissioner who would be responsible for outstanding losses from the Equitable Life scandal.

Answer

Torsten Bell
Under plans put in place by the Liberal Democrat and Conservative coalition Government, the Equitable Life Payment Scheme was fully wound down and closed in 2016. The only remaining part of the Payment Scheme in operation is the annual payments made to el...

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