Equitable Life Assurance Society: Compensation:Written question - 40483


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'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 27 April 2020
Equitable Life Assurance Society: Compensation
To ask the Chancellor of the Exchequer, what recent discussions he has had with hon. Members and the Equitable Members Action Group on providing further compensation to victims of the collapse of Equitable Life; and if he will make a statement.
Answered by: John Glen
Answered on: 04 May 2020

There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. The Equitable Life Payment Scheme closed to claims in 2015 and 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.

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