Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the likelihood of the £100m contingency from within the £1.5bn allocated for compensating Equitable Life policyholders being needed to make payments to eligible With-Profits Annuitants.

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 remainder of the £1.5 billion as planned.