20. To ask the Chancellor of the Exchequer what recent representations he has received on compensation of Equitable Life policyholders; and if he will make a statement. (314448)

Sir John Chadwick has met with a variety of stakeholders as part of his work. He published his Second Interim report on 16 December 2009.

The Government are committed to establishing a fair payment scheme as quickly as possible. It expects Sir John to submit his final report in spring 2010, and will announce details of a payment scheme to follow, also in spring 2010.