Written Question·Treasury·UIN 17859
Equitable Life Assurance Society: Compensation
Tabled: 10 July 2026
Answered: 15 July 2026
Named DayQuestion
Samantha Niblett
Labour — South Derbyshire
To ask the Chancellor of the Exchequer, what is the total value of payments made to With-Profits Annuitants under the Equitable Life Payments Scheme as of 30 May 2026.
Answer
Torsten BellIn 2010 the then 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 remainder of the £1.5 billi...
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