PARLIAMENTARY WRITTEN QUESTION
Equitable Life Assurance Society: Compensation (30 August 2024)
Question Asked
To ask the Chancellor of the Exchequer, whether she plans to review the Equitable Life payment scheme.
Asked by:
Dr Rosena Allin-Khan (Labour)
Asked by:
Dr Rosena Allin-Khan (Labour)
Answer
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.
Answered by:
Tulip Siddiq (Labour)
4 September 2024
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