To ask the Chancellor of the Exchequer, how much is the average payment to those eligible With-Profit-Annuitants within the Equitable Life Payment Scheme.
The 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 billion has been set aside...
Equitable Life Assurance Society: Compensation