Equitable Life Assurance Society: Compensation
Commons · Question 19721 · Tabled 16 Jul 2026 · Treasury · Official record
Answered 7 Sep 2026
Question
Asked by Charlie Maynard
To ask the Chancellor of the Exchequer, whether she will confirm that £836 million in cash terms was forecast to be spent on Equitable Life With-Profits Annuitants at the outset of the Equitable Life Payment Scheme; and that a discount rate of 4.4% was ap
Answer
Answered by Torsten Bell, 7 Sep 2026
In 2010 the Liberal Democrat Conservative coalition government chose to allocate up to £1.5 billion to the Equitable Life Payment Scheme, and the Scheme has been fully wound down and closed since 2016. The only remaining part of the Payment Scheme in oper...