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]
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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. |
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| 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| Text of statute as originally enacted | |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
edit- "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
editExternal links
edit- Equitable Life (Payments) Bill – official page on UK Parliament website