Laurence Robertson – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Laurence Robertson on 2014-06-17.

To ask Mr Chancellor of the Exchequer, if he will take steps to increase the compensation paid to Equitable Life policyholders.

Andrea Leadsom

The Government has no plans to alter the design or rules of the Equitable Life Payment Scheme, including those which relate to the level of payments. Decisions on the level of ex-gratia payments took account of the fiscal situation and wider fairness concerns across all taxpayers. The payments for different types of policyholder were made on the basis of recommendations made by the Independent Commission on Equitable Life Payments.