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Equitable Life: Compensation

Volume 490: debated on Monday 23 March 2009

To ask the Chancellor of the Exchequer what progress has been made in making compensation payments to Equitable Life policyholders; and if he will make a statement. (265570)

Sir John Chadwick has begun the work the Government asked him to undertake on aspects of the ex gratia payments scheme for Equitable Life policyholders announced by the Chief Secretary to the Treasury on 15 January At this stage, it is not possible to determine how long it will take to make payments under the scheme. The Government will keep the House updated and report back on progress at regular intervals.