Written question asked by Samantha Niblett (Labour) on Friday, 10 July 2026, in the House of Commons. It was due for an answer on Wednesday, 15 July 2026 (named day). It was answered by Torsten Bell (Labour) on Wednesday, 15 July 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 total value of payments made to With-Profits Annuitants under the Equitable Life Payments Scheme as of 30 May 2026.
- Answer
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In 2010 the then 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 remainder of the £1.5 billion has been set aside for future payments to the With-Profits Annuitants. Further information is available in the Final Report on the Scheme. (https://www.gov.uk/government/publications/equitable-life-payment-scheme-final-report).
The total value of payments made by the Scheme stood at £1.395 bn as of 31 May 2026, and the Scheme is on track to pay out the remainder.
Secondary information
- Type
- Written question
- Reference
- 17859
- Session
- 2026-27
- Subjects
- Compensation Equitable Life Assurance Society
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-07-15 16:42:27 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/17859
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/17859
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