I refer the hon. Member to the statement made by the Chief Secretary to the Treasury on 15 January 2009, Official Report, column 377.
The Government do not have the necessary information at present to make an assessment of payments to Equitable Life policyholders under the ex-gratia payment scheme it has announced.
The Government have asked Sir John Chadwick to consider several issues in relation to the relative losses suffered by Equitable Life policyholders. This work will be used to help inform the creation of a fair payment scheme for policyholders who have suffered a disproportionate impact, taking account of the position of the public purse, as well as practical considerations.