Equitable Life Assurance Society: Compensation
(asked on 23rd July 2018) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will revise upwards the level of compensation paid to people who experienced financial loses as a result of the mismanagement of Equitable Life.
This question was answered on 10th September 2018
Around £1.5bn tax free has already been allocated to the Equitable Life Payment Scheme, which closed to new claims in 2015. There are no plans to reopen the Payment Scheme or to allocate further funds to it.