Equitable Life Assurance Society: Compensation
(asked on 7th September 2022) - View Source
Question to the HM Treasury:
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.
This question was answered on 15th September 2022
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.