Equitable Life Assurance Society: Compensation

Summary

To ask the Chancellor of the Exchequer, how much in cash terms was originally forecast to be paid to Equitable Life With-Profits Annuitants up to and including 2050 under the Equitable Life Payments Scheme.

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Timeline

1. 30 June 2026

   Written question

   To ask the Chancellor of the Exchequer, how much in cash terms was originally forecast to be paid to Equitable Life With-Profits Annuitants up to and including 2050 under the Equitable Life Payments Scheme.

   Source: Commons

2. 7 July 2026

   Answer

   The Liberal Democrat Conservative coalition government chose to allocate £1.5 billion to the Equitable Life Payment Scheme. Before it ceased operations in 2016, the Scheme had issued £1.12 billion in tax-free payments to nearly 933,000 policyholders. The ...

   Source: Written answer

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• · Treasury · Answering body

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