Insurance industry escapes Equality Bill age limit ban

The insurance sector was set to be the main loser within the industry if the ban, part of the Equality Bill: Making it work: Ending age discrimination in services and public functions, included customer treatment in relation to financial products, specifically motor and travel insurance. However, a policy statement on the Bill published today states providers will still be able to vary prices by age, but only where this is proportionate, genuinely reflects risk or costs, and is not an arbitrary decision. Providers will also be required to publish aggregate data for customers to check ...