Equitable Life Assurance Society: Compensation

(asked on 1st February 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will ensure that Equitable Life policyholders who invested in regulated products will be entitled to similar levels of compensation to those who invested in unregulated mini-bonds marketed by London Capital and Finance.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 1st February 2022

The schemes are not comparable as there are important differences between the situations at Equitable Life and London Capital Finance. The Government compensation schemes in each case sought to achieve a fair outcome for investors and taxpayers based on the particular circumstances surrounding each firm.

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