Written Question·Treasury·UIN 121861
Equitable Life Assurance Society: Compensation
Tabled: 18 March 2026
Answered: 26 March 2026
Question
Helen Morgan
Liberal Democrat — North Shropshire
To ask the Chancellor of the Exchequer, how much of the money allocated to the Equitable Life compensation fund is expected to be retained by her Department, in the context of contingency funds.
Answer
Torsten BellThe 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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