Equitable Life (Payments) Act 2010
Act of ParliamentThis bill passed all stages in both Houses and received Royal Assent.
Where do you stand on this bill?
React anonymously — no account, no name, just a click.
Long title
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.
Summary
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.
Progress through Parliament
- 1st reading· Commons
22 July 2010 – 22 July 2010
- 2nd reading· Commons
14 September 2010 – 14 September 2010
- Programme motion· Commons
14 September 2010 – 14 September 2010
- Money resolution· Commons
14 September 2010 – 14 September 2010
- Committee stage· Commons
10 November 2010 – 10 November 2010
- 3rd reading· Commons
10 November 2010 – 10 November 2010
- 1st reading· Lords
11 November 2010 – 11 November 2010
- 2nd reading· Lords
24 November 2010 – 24 November 2010
- Committee negatived· Lords
24 November 2010 – 24 November 2010
- 3rd reading· Lords
24 November 2010 – 24 November 2010
- Royal Assent· Unassigned
16 December 2010 – 16 December 2010
Source: UK Parliament Bills API. Bill ID: 665.