Equitable Life Assurance Society: Compensation

Treasury written question – answered on 21st February 2019.

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Photo of Damien Moore Damien Moore Conservative, Southport

To ask the Chancellor of the Exchequer, if he will (a) undertake a review of the compensation afforded to people affected by Equitable Life and (b) issue guidance on recourse available to people affected in Southport constituency who have either not been paid out or have received insufficient compensation.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Equitable Life Payment Scheme closed to claims in 2015. 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. There are no plans to reopen the Payment Scheme or review the funding allocation made to it.

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