Equitable Life Assurance Society: Compensation

HM Treasury written question – answered on 11th June 2015.

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Photo of John Pugh John Pugh Liberal Democrat, Southport

To ask Mr Chancellor of the Exchequer, if he will take steps to increase compensation to Equitable Life pensioners beyond the level previously agreed.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

The Government has no plans to change the funding available to the Equitable Life Payment Scheme.

To date the Scheme has paid out over £1 billion to around 900,000 policyholders.

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