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<p>There are no plans to reopen the Payment Scheme or review the £1.5 billion funding
allocation previously made to it. The Equitable Life Payment Scheme closed to claims
in 2015 and further guidance on the status of the Payment Scheme after closure is
available at https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.</p><p>
</p><p>The methodology for calculating payments to Equitable Life policyholders was
published in 2011 and can be found at https://www.gov.uk/government/publications/equitable-life-payment-scheme-design.</p><p>
</p><p>The relevant data will be retained as long as it is legal to do so.</p>
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