Equitable Life Assurance Society: Compensation

(asked on 13th February 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to (a) reopen and (b) allocate additional funding to the Equitable Life payment scheme.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 20th February 2019

Since 2010, we have taken more action than any previous government to resolve this issue by allocating up to £1.5bn, tax free, for payment to affected policyholders. There are no plans to allocate any further funds to the Equitable Life Payment Scheme, or reopen it.

Reticulating Splines