Equitable Life Assurance Society: Compensation

Treasury written question – answered on 27th May 2021.

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Photo of Deidre Brock Deidre Brock Shadow SNP Spokesperson (Wales), Shadow SNP Spokesperson (Environment, Food and Rural Affairs)

To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the methodology used for the calculation of payments under the Equitable Life Payment Scheme; and if he will make a statement.

Photo of Deidre Brock Deidre Brock Shadow SNP Spokesperson (Wales), Shadow SNP Spokesperson (Environment, Food and Rural Affairs)

To ask the Chancellor of the Exchequer, what steps he is taking to ensure the retention and maintenance of the data his Department requires to make further payments to Equitable Life policyholders.

Photo of Deidre Brock Deidre Brock Shadow SNP Spokesperson (Wales), Shadow SNP Spokesperson (Environment, Food and Rural Affairs)

To ask the Chancellor of the Exchequer, what recent discussions he has had (a) with Cabinet colleagues and (b) with his officials on compensation and support for people affected by the Equitable Life scandal.

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

I refer the Honourable Member for Edinburgh North and Leith to the answer I gave on 17 May 2021.

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