United Kingdom · Question · Written question
UIN 194751
Equitable Life Assurance Society: Compensation
Introduced
18 July 2023
Last action
26 July 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
26 July 2023
Summary
To ask the Chancellor of the Exchequer, how much his Department (a) forecasted would be spent and (b) spent on compensation for Equitable Life policyholders at 2011 prices in each financial year since 2011.
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Timeline
18 July 2023
Written question
To ask the Chancellor of the Exchequer, how much his Department (a) forecasted would be spent and (b) spent on compensation for Equitable Life policyholders at 2011 prices in each financial year since 2011.
Source: Commons
26 July 2023
Answer
The Government allocated £1.5 billion to the Equitable Life Payment Scheme. Before it ceased operations in 2016, the Scheme issued £1.12 billion in tax-free payments to nearly 933,000 policyholders. The remainder of the £1.5 billion has been set aside for...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-07-18/194751
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1653883
- uk · wq-1653883 · source updated 26 July 2023