Equitable Life Payments Scheme Bill
Legislation will reform the framework for financial services Regulation and implement the Government’s commitment to make fair and transparent payments to Equitable Life policyholders.

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.

Immediately related elementsHow this works
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The Coalition: Our programme for government »The Coalition: Our programme for government
Queen's Speech 2010 »Queen's Speech 2010
Current Bills »Current Bills
Equitable Life Payments Scheme Bill
Make fair and transparent payments to Equitable Life policy holders »Make fair and transparent payments to Equitable Life policy holders
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