Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the £1.5 billion allocated for Equitable Life compensation, what proportion of that sum has been paid out; and what the reasons are for the amount that has not yet been paid out.

The Equitable Life Payment Scheme published a final report in 2016 which set out the details of payments made and how the remaining funds will be allocated. A copy can be found at https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report