Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much and what proportion of funding made available through the Equitable Life Payment Scheme was returned to her Department.

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.

The remainder of the £1.5 billion has been set aside for future payments to the With-Profits Annuitants.