Equitable Life Assurance Society: Compensation

HM Treasury written question – answered on 24th February 2017.

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Photo of Owen Smith Owen Smith Labour, Pontypridd

To ask Mr Chancellor of the Exchequer, if he will make further payments to people affected by regulatory failings at Equitable Life.

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.

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