To ask the Chancellor of the Exchequer, if he will publish the detailed calculations, including intermediary steps, used in determining payments under the Equitable Life Payment Scheme.

To ask the Chancellor of the Exchequer, what steps he plans to take in 2021 to help people affected by the Equitable Life scandal.

The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at: www.gov.uk/government/publications/equitable-life-payment-scheme-design.

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: www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.