Equitable Life Assurance Society: Compensation
Commons · Question 121863 · Tabled 18 Mar 2026 · Treasury · Official record
Answered 26 Mar 2026
Question
Asked by Helen Morgan
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential implications for her policies of the Equitable Members' Action Group’s analysis of Government spending on the compensation package for people affected by financial los
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...