Equitable Life Assurance Society: Compensation

(asked on 12th April 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if the Government will take steps to ensure that victims of the Equitable Life scandal receive full compensation for their losses.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 19th April 2021

The Equitable Life Payment Scheme closed to claims in 2015. There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. 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.

Reticulating Splines