Equitable Life Assurance Society: Compensation
Commons · Question 41924 · Tabled 27 Mar 2025 · Treasury · Official record
Answered 2 Apr 2025
Question
Asked by Pippa Heylings
To ask the Chancellor of the Exchequer, what recent assessment her Department has made of the adequacy of the compensation provided to Equitable Life policyholders.
Answer
Answered by Emma Reynolds, 2 Apr 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...