Equitable Life Assurance Society: Compensation

(asked on 13th June 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many Equitable Life members are still waiting for compensation.


Answered by
Torsten Bell Portrait
Torsten Bell
Parliamentary Secretary (HM Treasury)
This question was answered on 19th June 2025

The Equitable Life Payment Scheme has been fully wound down and closed since 2016. The only remaining part of the Payment Scheme in operation is the annual payments made to eligible With-Profit-Annuitants and the Scheme is on track to distribute the remainder of the £1.5 billion originally allocated as planned.

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.

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