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United Kingdom · Question · Written question

HL HL11225

Equitable Life Assurance Society: Compensation

answeredUnited Kingdom· UK Parliament· EN

Introduced

8 December 2020

Last action

21 December 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

21 December 2020

Summary

To ask Her Majesty's Government what plans they have to make further payments to individuals who lost their savings following the collapse of Equitable Life.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 8 December 2020

    Written question

    To ask Her Majesty's Government what plans they have to make further payments to individuals who lost their savings following the collapse of Equitable Life.

    Source: Lords

  2. 21 December 2020

    Answer

    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.

    Source: Written answer

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