Equitable Life Assurance Society: Compensation
Commons · Question 121861 · Tabled 18 Mar 2026 · Treasury · Official record
Answered 26 Mar 2026
Question
Asked by Helen Morgan
To ask the Chancellor of the Exchequer, how much of the money allocated to the Equitable Life compensation fund is expected to be retained by her Department, in the context of contingency funds.
Answer
Answered by Torsten Bell, 26 Mar 2026
The Equitable Life Payment Scheme has been fully wound down and closed since 2016. The only remaining part of the Payment Scheme in operation is the annual payments made to eligible With-Profit-Annuitants and the Scheme is on track to distribute the remai...