Question follow-through · 107391
Equitable Life Assurance Society: Compensation
To ask the Chancellor of the Exchequer, how much of the funding allocated for compensating Equitable Life With-Profits Annuitants has been spent up to and including 2024-25; and how much was forecast to be spent on both a cash and discounted basis.
About this written question
A written question asks a government minister for information in writing. Parliament publishes the question and any answer.
- Answering body
- Treasury
- Tabled
- 21 Jan 2026
- Target answer date
- 26 Jan 2026
- Answer
- 29 Jan 2026 · 8 calendar days after tabling
Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.
Recorded timeline
21 Jan 2026
Question tabled
To ask the Chancellor of the Exchequer, how much of the funding allocated for compensating Equitable Life With-Profits Annuitants has been spent up to and including 2024-25; and how much was forecast to be spent on both a cash and discounted basis.
26 Jan 2026
Target answer date
Date supplied by the official written-questions record.
29 Jan 2026
Answer published
The previous Conservative Government allocated £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 bill...
Official data retrieved 28 Sept 2026.
Later records
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