Equitable Life (Payments) Act 2010
|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.|
|Chapter||2010 c. 34|
|Introduced by||Mark Hoban|
|Territorial extent||United Kingdom|
|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|Text of statute as originally enacted|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|
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.
- "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.
- Equitable Life (Payments) Bill – official page on UK Parliament website