Question to the HM Treasury:

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

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

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.

I can assure the Hon Member for Rother Valley that relevant records are currently retained and will continue to be as long as it is legal.