questionText: To ask the Chancellor of the Exchequer, what discount rate was applied to the sum allocated for compensation payments to Equitable Life With-Profits Annuitants in 2010.
answerText: The Liberal Democrat Conservative coalition 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 ...
heading: Equitable Life Assurance Society: Compensation