PARLIAMENTARY WRITTEN QUESTION
(19 December 2024)
Question Asked
To ask the Chancellor of the Exchequer, if she will make it her policy to pay additional compensation to people impacted by the collapse of Equitable Life.
Asked by:
Mr Joshua Reynolds (Liberal Democrat)
Asked by:
Mr Joshua Reynolds (Liberal Democrat)
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:
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