Written Question·Treasury·UIN 121862

Equitable Life Assurance Society: Compensation

Tabled: 18 March 2026
Answered: 26 March 2026

Question

Helen Morgan

Liberal DemocratNorth Shropshire

To ask the Chancellor of the Exchequer, if she will take steps to ensure that contingency funding linked to the Equitable Life Payment Scheme will be used to compensate Equitable Life policyholders.

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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