Equitable Life Assurance Society: Compensation — Written Question

Question

Helen Morgan

Liberal Democrat — North Shropshire

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential implications for her policies of the Equitable Members' Action Group’s analysis of Government spending on the compensation package for people affected by financial los

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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