ECJ ruling could boost 'Holloway' providers - Cirencester friendly

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Cirencester friendly says the outlawing of gender-based underwriting could be a boon for providers selling Holloway-style income protection (IP) plans.

It also approved the recent trend of friendly society partnerships, adding it was actively considering options for its own link-up. Paul Hudson, CEO of Cirencester friendly, told COVER that Holloway products were unlikely to be affected by the impending European Court of Justice (ECJ) ruling due to their less strict underwriting requirements. "Holloway friendly societies have never distinguished rates on gender or loaded on occupation or smoking," he said. "For us it's business as usual, but for other (non-Holloway providers) its going to bring some changes. There's going to be sys...

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