Equitable Life Assurance Society: Compensation
(asked on 17th June 2021) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what recent consideration they have given to ensuring that there is (1) compensation, and (2) support, available to those affected by the collapse of Equitable Life.
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.