This bill requires the Chancellor to pay full compensation to Equitable Life policyholders harmed by regulatory failures before 2001, using specific 2011 bonus rates and annuity calculations.
A Bill to make provision about the paying out of compensation under the Equitable Life (Payments) Act 2010 for persons adversely affected by maladministration in the regulation before December 2001 of the Equitable Life Assurance Society; and for connected purposes.
Status: In Progress
Current House: Commons
Stage: 1st reading
Sponsored by: Bob Blackman
Introduced: 2025-05-14