Written Question·Treasury·UIN 14709
Equitable Life Assurance Society: Compensation
Tabled: 30 June 2026
Answered: 7 July 2026
Question
Charlie Maynard
Liberal Democrat — Witney
To ask the Chancellor of the Exchequer, how much in cash terms was originally forecast to be paid to Equitable Life With-Profits Annuitants up to and including 2050 under the Equitable Life Payments Scheme.
Answer
Torsten BellThe Liberal Democrat Conservative coalition government chose to allocate £1.5 billion to the Equitable Life Payment Scheme. Before it ceased operations in 2016, the Scheme had issued £1.12 billion in tax-free payments to nearly 933,000 policyholders. The ...
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