Written question asked by Lizzi Collinge (Labour) on Monday, 20 April 2026, in the House of Commons. It was due for an answer on Wednesday, 22 April 2026. It was answered by Torsten Bell (Labour) on Tuesday, 28 April 2026 on behalf of the Treasury.
Equitable Life Assurance Society: Compensation
- Question
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To ask the Chancellor of the Exchequer, what is the value of payments made to With-Profits Annuitants under the Equitable Life Payments Scheme to date.
- Answer
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The previous Government allocated £1.5 billion to the Equitable Life Payment Scheme.
Of the £1.5 billion, £775 million was allocated to be paid as lump sums to with profits non-annuitants, and £625 million allocated to With-Profit-Annuitants (WPAs) to be paid annually for the duration of the annuity, as they were the most vulnerable group. This includes a £100 million contingency fund to ensure there is provision for annuitants, should they live longer than their actuarial forecast and brings the total allocated to WPAs up to £725 million.
Secondary information
- Type
- Written question
- Reference
- 128564
- Session
- 2024-26
- Subjects
- Compensation Equitable Life Assurance Society
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-04-28 14:25:32 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/128564
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/128564
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