Equitable Life Assurance Society: Compensation

(asked on 12th January 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she will consider establishing an Independent Commissioner to assess the claims of Equitable Life policyholders, the allocation of compensation, and the methodology used to distribute it.


Answered by
Torsten Bell Portrait
Torsten Bell
Parliamentary Secretary (HM Treasury)
This question was answered on 19th January 2026

The Equitable Life Payment Scheme has been fully wound down and closed since 2016 under the approach put in place by the Liberal Democrat and Conservative coalition government.

Further guidance on the status of the Payment Scheme after closure is available at: https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.

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