Equitable Life Assurance Society: Compensation
Commons · Question 128564 · Tabled 20 Apr 2026 · Treasury · Official record
Answered 28 Apr 2026
Question
Asked by Lizzi Collinge
To ask the Chancellor of the Exchequer, what is the value of payments made to With-Profits Annuitants under the Equitable Life Payments Scheme to date.
Answer
Answered by Torsten Bell, 28 Apr 2026
The previous Government allocated £1.5 billion to the Equitable Life Payment Scheme. Of the £1.5 billion, £775 million was allocated to be paid as lump sums to with profits non-annuitants, and £625 million allocated to With-Profit-Annuitants (WPAs) to be ...