Equitable Life Assurance Society: Compensation

Treasury written question – answered on 10th April 2019.

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Photo of Faisal Rashid Faisal Rashid Labour, Warrington South

To ask the Chancellor of the Exchequer, if his Department will reopen the compensation scheme for Equitable Life victims.

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

Since 2010, we have taken more action than any previous government to resolve this issue by allocating up to £1.5bn, tax free, for payment to affected policyholders. There are no plans to allocate any further funds to the Equitable Life Payment Scheme, or reopen it.

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