Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much has been paid in compensation to Equitable Life policyholders since the establishment of the compensation scheme; and by what date the full £1.5 billion of that scheme will be paid out.

As of 31st October 2014 the Equitable Life Payment Scheme had paid £990m to 887,061 policyholders. A further progress report will be published shorty. As With-Profits Annuitants receive a payment for the duration of their annuity, the Scheme is expected to continue making payments for some years to come.