Equitable Life Assurance Society: Compensation

Treasury written question – answered on 15th September 2022.

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Photo of Emma Hardy Emma Hardy Labour, Kingston upon Hull West and Hessle

To ask the Chancellor of the Exchequer, whether his Department has taken recent steps to help ensure that people affected by the Equitable Life scandal are compensated.

Photo of Andrew Griffith Andrew Griffith The Financial Secretary to the Treasury

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