Equitable Life Assurance Society: Compensation
Commons · Question 14709 · Tabled 30 Jun 2026 · Treasury · Official record
Answered 7 Jul 2026
Question
Asked by Charlie Maynard
To ask the Chancellor of the Exchequer, how much in cash terms was originally forecast to be paid to Equitable Life With-Profits Annuitants up to and including 2050 under the Equitable Life Payments Scheme.
Answer
Answered by Torsten Bell, 7 Jul 2026
The Liberal Democrat Conservative coalition government chose to allocate £1.5 billion to the Equitable Life Payment Scheme. Before it ceased operations in 2016, the Scheme had issued £1.12 billion in tax-free payments to nearly 933,000 policyholders. The ...