Equitable Life Assurance Society: Compensation
Commons · Question 37315 · Tabled 11 Mar 2025 · Treasury · Official record
Answered 17 Mar 2025
Question
Asked by Munira Wilson
To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 January 2025 to Question 21417 on Equitable Life Assurance Society: Compensation, whether she has made an assessment of the potential merits of providing full financial redress in cases w
Answer
Answered by Emma Reynolds, 17 Mar 2025
In 2010 the government allocated up to £1.5 billon, tax free, for payment to affected policyholders and this decision was in line with the Ombudsman’s report. More detail on the history of the action taken on this issue can be found at: https://www.gov.uk...