The purpose of the Bill is to: •Give HM Treasury statutory authority to incur expenditure in making payments to Equitable Life policyholders.
The main benefits of the Bill would be: •To make it possible to make payments to Equitable Life policyholders and other individuals (e.g. former policyholders) who have suffered losses due to Government maladministration.
The main elements of the Bill: •Give HM Treasury statutory authority to incur expenditure in making payments to Equitable Life policyholders.
Devolution: All provisions in the Bill are reserved.