Equitable Life (Payments) Act 2010

Equitable Life (Payments) Act 2010
Parliament of the United Kingdom
Long titleAn 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.
Citation2010 c. 34
Introduced byMark Hoban MP (Commons)
Lord Sassoon (Lords)
Territorial extent United Kingdom
Dates
Royal assent16 December 2010
Status: Current legislation
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The Equitable Life (Payments) Act 2010 (c. 34) is an Act of the Parliament of the United Kingdom. It gives 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]

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.

References

  1. ^ "Queen's Speech: Bill for Equitable Life compensation". BBC News Online. 25 May 2010.
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