✓ Passed into LawLords
UK Parliament · Bill
Equitable Life (Payments) Act 2010
Summary
This Act provided a scheme to pay money back to Equitable Life policyholders who suffered financial losses when the insurance company got into serious financial trouble in the early 2000s. It was a government effort to compensate people who had invested their money in what they thought were safe savings products.
A vote to support means
- —Supporting this Act means backing compensation for people who lost money with Equitable Life insurance company. Supporters believe customers were treated unfairly and deserve payments to make up for their losses.
A vote to oppose means
- —Critics might worry about the cost to taxpayers who have to fund the compensation. Some may question whether all claimants truly deserve payment or whether the amounts are fair.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading22 Jul 2010
- 2nd reading14 Sept 2010
- Committee stage10 Nov 2010
- 3rd reading10 Nov 2010
Lords
- 1st reading11 Nov 2010
- 2nd reading24 Nov 2010
- 3rd reading24 Nov 2010
Royal Assent16 Dec 2010
Full Bill Description(click to expand)
No description available