A question on #EquitableLifeAssuranceSociety #Compensation tabled by Kate Osamor on 30-05-2025 has been answered by Torsten Bell.

Heading: Equitable Life Assurance Society: Compensation
Question ID: 1806568
UIN: 55001
House: Commons
Date tabled: 2025-05-30
Asking Member ID: 4515
Asking Member display name: Kate Osamor
Asking Member handle: kateosamor
Asking Member Twitter reference: @kateosamor
Member interest: false
Question text: To ask the Chancellor of the Exchequer, for what reason her Department will not review the decision to provide full compensation to victims of the Equitable Life.
Is named day: false
Date of holding answer:
Date answered: 2025-06-05
Date answer corrected:
Is holding answer: false
Is correcting answer: false
Answering Member ID: 5069
Answering Member display name: Torsten Bell
Answering Member handle: TorstenBell
Answering Member Twitter reference: @TorstenBell
Correcting Member ID:
Correcting Member display name:
Correcting Member handle:
Correcting Member Twitter reference:
Answer text: The Equitable Life Payment Scheme has been fully wound down and closed since 2016 and there are no plans to reopen any decisions relating to the Payment Scheme or review the £1.5 billion funding allocation previously made to it. Further guidance on the st...
Original answer text:
Comparable answer text:
Answering body ID: 14
Answering body name: Treasury
Tweeted: true