Equitable Life Assurance Society: Compensation
2026-06-08 · Treasury · 8194 · Official question
Question
To ask the Chancellor of the Exchequer, what estimate she has made of the value of compensation allocated under the Equitable Life Payment Scheme that will not be paid out to eligible policyholders; and what plans she has to ensure that money reaches thos
Answer
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...