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Equitable Life Assurance Society: Compensation

Treasury written question – answered on 4th May 2020.

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Photo of Laurence Robertson Laurence Robertson Conservative, Tewkesbury

To ask the Chancellor of the Exchequer, what recent discussions he has had with hon. Members and the Equitable Members Action Group on providing further compensation to victims of the collapse of Equitable Life; and if he will make a statement.

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

There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. The Equitable Life Payment Scheme closed to claims in 2015 and 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.

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