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To ask the Chancellor of the Exchequer, what steps his Department is taking to support people affected by the closure of Equitable Life.
After nearly 5 years of operation which saw over £1 billion paid to nearly 1 million affected policyholders, 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.