Equitable Life Assurance Society: Compensation
(asked on 16th June 2021) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to assess the methodology used to calculate the money owed to Equitable Life policyholders as part of the compensation scheme established under the Equitable Life (Payments) Act 2010, and (2) the accuracy of the figures produced by that methodology.
This question was answered on 28th June 2021
The methodology for calculating payments to Equitable Life policyholders was published in 2011.
The Equitable Life Payment Scheme closed to claims in 2015 and there are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it.