Equitable Life Assurance Society: Compensation
Commons · Question 21417 · Tabled 19 Dec 2024 · Treasury · Official record
Answered 8 Jan 2025
Question
Asked by Joshua Reynolds
To ask the Chancellor of the Exchequer, if she will make it her policy to pay additional compensation to people impacted by the collapse of Equitable Life.
Answer
Answered by Tulip Siddiq, 8 Jan 2025
The Equitable Life Payment Scheme has been fully wound down and closed since 2016 and there are no plans to reopen any decisions relating to the Payment Scheme or review the £1.5 billion funding allocation previously made to it. Further guidance on the st...