Asked by: Alistair Burt (Conservative - North East Bedfordshire)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will increase compensation payments to Equitable Life policyholders.
Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)
The Equitable Life Payment Scheme is focussed on making the remaining payments to eligible policyholders. The Government has sought to achieve fairness between Equitable Life policyholders and the taxpayers who must bear the cost at a time when the nation's finances are in a difficult position. We have no plans to re-open the design of the Scheme.