Equitable Life Assurance Society: Compensation

Treasury written question – answered am ar 27 Chwefror 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Fleur Anderson Fleur Anderson Shadow Minister (Northern Ireland)

To ask the Chancellor of the Exchequer, What recent steps his Department has taken to ensure that Equitable Life policyholders are reimbursed.

Photo of Bim Afolami Bim Afolami The Economic Secretary to the Treasury

The Equitable Life Payment Scheme has been fully wound down and closed since 2016 and there are no plans to reopen any previous decisions relating to 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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