Equitable Life Assurance Society: Compensation
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the adequacy of the compensation provided to Equitable Life investors via the Equitable Life payment scheme.
Answered by Tulip Siddiq
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. 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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