The Equitable Life (Payments) Act 2010 (c. 34) is an
Act of the
Parliament of the United Kingdom
The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative suprema ...
. It gives the
HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ec ...
the power to compensate more than a million policyholders adversely affected by the collapse of
The Equitable Life Assurance Society
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for sci ...
in 1999.
Further reading
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References
External links
Equitable Life (Payments) Bill– official page on UK Parliament website
{{UK legislation
United Kingdom Acts of Parliament 2010