Equitable Life Assurance Society: Compensation

HM Treasury written question – answered on 23rd February 2017.

Alert me about debates like this

Photo of Owen Smith Owen Smith Labour, Pontypridd

To ask Mr Chancellor of the Exchequer, whether his Department has made an assessment of the potential costs to the public purse of increasing compensation to members of the Equitable Life Payment Scheme.

Photo of Owen Smith Owen Smith Labour, Pontypridd

To ask Mr Chancellor of the Exchequer, whether he has plans to reopen the Equitable Life Payment Scheme.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

After making payments of over £1.1billion to more than 900,000 policyholders, the Payment Scheme has now closed. There are no plans to reopen the Payment Scheme.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.