Equitable Life (Payments) Act 2010
Encyclopedia
The Equitable Life 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.
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
of the Parliament of the United Kingdom
Parliament of the United Kingdom
The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body in the United Kingdom, British Crown dependencies and British overseas territories, located in London...
. It gives the HM Treasury
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
the power to compensate more than a million policyholders adversely affected by the collapse of The Equitable Life Assurance Society in 1999.
External links
- Equitable Life (Payments) Bill – official page on UK Parliament website