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Departmental Publication (Statistics)
Home Office

Oct. 03 2022

Source Page: IICSA: investigation reports (volume 1 to 5)
Document: Investigation reports of the Independent Inquiry into Child Sexual Abuse: HC 646-III (PDF)

Found: The abuse resulted in D6 trying to take his own life on a number of occasions, and standing outside

Parliamentary Research
Financial Services and Markets Bill 2022-23 - CBP-9594
Sep. 01 2022

Found: (who may for example rely on life insurance policies for a primary source of income), and for many

Written Question
Equitable Life Assurance Society: Compensation
Thursday 30th June 2022

Asked by: Tulip Siddiq (Labour - Hampstead and Kilburn)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much of the £1.5 billion in announced by the Treasury for compensating Equitable Life policyholders has not been spent as of 24 June 2022.

Answered by John Glen - Paymaster General and Minister for the Cabinet Office

At 31 May 2022, the total value of payments made by the Equitable Life Payment Scheme was £1,305,099,430.44

Written Question
Equitable Life Assurance Society: Maladministration
Thursday 30th June 2022

Asked by: Tulip Siddiq (Labour - Hampstead and Kilburn)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his department requested the publication of Towers Waston's calculations of the relative losses of Equitable Life policyholders affected by maladministration.

Answered by John Glen - Paymaster General and Minister for the Cabinet Office

The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at: www.gov.uk/government/publications/equitable-life-payment-scheme-design.

Select Committee
Vicky Saporta (Executive Director, Prudential Policy Directorate at Prudential Regulation Authority), Sheldon Mills (Executive Director, Consumers and Competition at Financial Conduct Authority), Christina Segal-Knowles (Executive Director for Financial Markets Infrastructure at Bank of England), and Edwin Schooling Latter (Director of Wholesale Markets at Financial Conduct Authority)
 Prudential Regulation Authority, Financial Conduct Authority, Bank of England, and Financial Conduct Authority

Oral Evidence Feb. 24 2022

Committee: Treasury Committee (Department: HM Treasury)

Found: Vicky Saporta: In not giving sufficient protection to policyholders by lowering capital resources beyond

Select Committee
Dr Matthew Agarwala (Project Leader at The Wealth Economy, Bennett Institute for Public Policy, University of Cambridge), and Professor Tim Jackson (Professor of Sustainable Development and Director at Centre for the Understanding of Sustainable Prosperity (CUSP), University of Surrey)
 The Wealth Economy, Bennett Institute for Public Policy, University of Cambridge, and Centre for the Understanding of Sustainable Prosperity (CUSP), University of Surrey

Oral Evidence Feb. 21 2022

Inquiry: Aligning the UK's economic goals with environmental sustainability
Inquiry Status: Open
Committee: Environmental Audit Committee

Found: of great things: we saw incomes grow; we saw access to food, education and medicine improve; we saw life

Select Committee
Institute and Faculty of Actuaries, Aldersgate Group, and The Royal Society of Edinburgh
 Institute and Faculty of Actuaries, Aldersgate Group, and The Royal Society of Edinburgh

Oral Evidence Feb. 21 2022

Inquiry: Aligning the UK's economic goals with environmental sustainability
Inquiry Status: Open
Committee: Environmental Audit Committee

Found: of great things: we saw incomes grow; we saw access to food, education and medicine improve; we saw life

Written Question
Equitable Life Assurance Society: Compensation
Tuesday 1st February 2022

Asked by: Bob Blackman (Conservative - Harrow East)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will ensure that Equitable Life policyholders who invested in regulated products will be entitled to similar levels of compensation to those who invested in unregulated mini-bonds marketed by London Capital and Finance.

Answered by John Glen - Paymaster General and Minister for the Cabinet Office

The schemes are not comparable as there are important differences between the situations at Equitable Life and London Capital Finance. The Government compensation schemes in each case sought to achieve a fair outcome for investors and taxpayers based on the particular circumstances surrounding each firm.

Written Question
Equitable Life Assurance Society
Monday 10th January 2022

Asked by: Kim Johnson (Labour - Liverpool, Riverside)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 21 June 2021 to Question 16027 on Equitable Life Assurance Society, for what reasons the Government does not plan to (a) reopen the Equitable Life Payment Scheme or (b) review the £1.5 billion funding allocation previously made to it.

Answered by John Glen - Paymaster General and Minister for the Cabinet Office

Since 2010, the government has taken more action to resolve this issue than ever was taken previously, including setting up a payment scheme to make payments of up to £1.5bn to eligible policyholders. Since the Scheme closed in 2016, the Government’s position on this issue has been clear, that there will be no further funding in addition to the £1.5bn and this issue is considered closed.

The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at: www.gov.uk/government/publications/equitable-life-payment-scheme-design.

Written Question
Equitable Life Assurance Society: Payments
Monday 10th January 2022

Asked by: Kim Johnson (Labour - Liverpool, Riverside)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will publish the calculations, including the intermediary steps, used in determining payments made under the Equitable Life Payment Scheme.

Answered by John Glen - Paymaster General and Minister for the Cabinet Office

Since 2010, the government has taken more action to resolve this issue than ever was taken previously, including setting up a payment scheme to make payments of up to £1.5bn to eligible policyholders. Since the Scheme closed in 2016, the Government’s position on this issue has been clear, that there will be no further funding in addition to the £1.5bn and this issue is considered closed.

The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at: www.gov.uk/government/publications/equitable-life-payment-scheme-design.