questionText: To ask the Chancellor of the Exchequer, if he will take steps to ensure that any underspend of the allocated Equitable Life compensation will be distributed amongst policyholders.
answerText: The Government allocated £1.5 billion to the Equitable Life Payment Scheme. Before it ceased operations in 2016, the Scheme 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...
heading: Equitable Life Assurance Society: Compensation