Equitable Life (Payments) Act 2010
A Bill 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.
The Bill provides the authority for a payments scheme for eligible former and current Equitable Life policyholders in respect of the consequences of maladministration by regulatory bodies as identified by the Ombudsman and accepted by government. Although the precise shape of the payments scheme is as yet unknown, the Bill provides the authority for money to be paid once the scheme is set up and clarifies the tax treatment of future payments.
Last fetched 25 Apr 2026 · parliament.uk
Progress through Parliament11 stages recorded
Commons
1st reading
22 Jul 2010
Commons
2nd reading
14 Sept 2010
Commons
Programme motion
14 Sept 2010
Commons
Money resolution
14 Sept 2010
Commons
Committee stage
10 Nov 2010
Commons
3rd reading
10 Nov 2010
Lords
1st reading
11 Nov 2010
Lords
2nd reading
24 Nov 2010
Lords
Committee negatived
24 Nov 2010
Lords
3rd reading
24 Nov 2010
—
Royal Assent
16 Dec 2010
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