Equitable Life (Payments) Act 2010
The Equitable Life (Payments) Act 2010 (c. 34) is an Act of the Parliament of the United Kingdom. It gives the HM Treasury the power to compensate more than a million policyholders adversely affected by the collapse of The Equitable Life Assurance Society in 1999.[1]
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| Long title | An Act to provide finance for payments in cases where persons have been adversely affected by maladministration in the regulation before December 2001 of the Equitable Life Assurance Society; and for connected purposes. |
|---|---|
| Citation | 2010 c. 34 |
| Introduced by | Mark Hoban |
| Territorial extent | United Kingdom |
| Dates | |
| Royal assent | 16 December 2010 |
Status: Current legislation | |
| History of passage through Parliament | |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
Further reading
- "Equitable Life compensation expected to total £1.5bn". BBC News Online. 16 October 2010.
- "Equitable Life: New compensation plan announced". BBC News Online. 12 May 2010.
- "Equitable Life compensation 'coming in 2011'". BBC News Online. 22 July 2010.
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References
External links
- Equitable Life (Payments) Bill – official page on UK Parliament website
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