Equitable Life Assurance Society: Compensation
(asked on 19th December 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make it her policy to pay additional compensation to people impacted by the collapse of Equitable Life.
This question was answered on 8th January 2025
The Equitable Life Payment Scheme has been fully wound down and closed since 2016 and there are no plans to reopen any decisions relating to 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.