Equitable Life Assurance Society: Compensation

(asked on 19th May 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has plans to reassess the calculation of the compensation payments made to people affected by the Equitable Life scheme.


Answered by
John Glen Portrait
John Glen
Economic Secretary (HM Treasury)
This question was answered on 24th May 2021

I refer the Honourable Member for Kirkcaldy and Cowdenbeath to the answer I gave on 17 May 2021.

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Recent Documents related to Equitable Life Assurance Society: Compensation

1. Memorandum for the Committee of Public Accounts: Equitable Life Payment Scheme
06/05/2021 - National Audit Office

Found: Accounts: Equitable Life Payment Scheme Background and Scope 1 In 2010, HM Treasury set up the Equitable Life

2. Compensation for Equitable Life policyholders
17/03/2017 - Parliamentary Research

Found: 2017 Compensation for Equitable Life policyholders By Timothy Edmonds Summary The Equitable Life

3. Equitable Life: further compensation debate
10/02/2016 - Parliamentary Research

Found: 2016 Equitable Life: further compensation debate By Timothy Edmonds Summary The Equitable Life 'scandal'

4. Equitable Life: compensation scheme
05/11/2015 - Parliamentary Research

Found: 2015 Equitable Life compensation scheme By Timothy Edmonds Inside: 1. The compensation scheme 2. Policyholders™

5. New discount rate for personal injury claims announced
27/02/2017 - Ministry of Justice
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Latest Documents
Recent Speeches related to Equitable Life Assurance Society: Compensation

1. Equitable Life
21/01/2021 - Commons Chamber

1: inaction with respect to the injustice suffered by Equitable Life policyholders, the vast majority of whom have - Speech Link
2: inaction with respect to the injustice suffered by Equitable Life policyholders, the vast majority of whom have - Speech Link

2. Equitable Life
31/01/2019 - Commons Chamber

1: relation to its maladministration with regard to Equitable Life; notes that the Parliamentary Ombudsman recommended - Speech Link
2: relation to its maladministration with regard to Equitable Life; notes that the Parliamentary Ombudsman recommended - Speech Link
3: Government to make a commitment to provide full compensation to victims of the scandal with the end of austerity - Speech Link

3. Oral Answers to Questions
20/10/2020 - Commons Chamber

1: economic support to areas affected by local covid-19 restrictions; and if he will make a statement. [907759] - Speech Link
2: just £22 million for a city region of 2.8 million people. That is less than the £25 million he granted to - Speech Link
3: many people in this country as we evolve our response to this virus, but what we need is people acting - Speech Link

4. Equitable Life Policyholders: Compensation
23/03/2017 - Commons Chamber

1: relation to its maladministration with regard to Equitable Life; notes that the Parliamentary Ombudsman recommended - Speech Link
2: relation to its maladministration with regard to Equitable Life; notes that the Parliamentary Ombudsman recommended - Speech Link

5. Equitable Life
11/02/2016 - Commons Chamber

1: Government on providing a scheme to compensate victims of the Equitable Life scandal; welcomes the Government’s - Speech Link
2: Government on providing a scheme to compensate victims of the Equitable Life scandal; welcomes the Government’s - Speech Link

Latest Speeches
Recent Questions related to Equitable Life Assurance Society: Compensation
1. Equitable Life Assurance Society: Compensation
asked by: Marco Longhi
14/01/2021
... what plans he has to reassess the calculation of the compensation payments made to people affected by the Equitable Life scheme.

2. Equitable Life Assurance Society: Compensation
asked by: Alexander Stafford
29/06/2020
... what steps he is taking to ensure victims of the Equitable Life scandal receive their full entitlement of compensation.

3. Equitable Life Assurance Society: Compensation
asked by: Alexander Stafford
29/06/2020
... what assessment he has made of the accuracy of payments made through the Equitable Life Payment Scheme.

4. Equitable Life Assurance Society: Compensation
asked by: Alexander Stafford
29/06/2020
... what steps he is taking to ensure that the data needed to make further payments to Equitable Life policyholders is retained.

5. Equitable Life Assurance Society: Compensation
asked by: John Nicolson
08/09/2020
... what further steps he plans to take to help people affected by the Equitable Life scandal.

Latest Questions