Written Question·Treasury·UIN 101175

Equitable Life Assurance Society: Compensation

Tabled: 17 December 2025

Answered: 6 January 2026

Question

Harpreet Uppal

To ask the Chancellor of the Exchequer, what assessment she has made of the likelihood of the £100m contingency from within the £1.5bn allocated for compensating Equitable Life policyholders being needed to make payments to eligible With-Profits Annuitant

Answer

Torsten Bell

The Equitable Life Payment Scheme has been fully wound down and closed since 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 track to distribute the remai...

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