All change for annuities

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2012 is shaping up to be a big year, what with the Olympics, the European Championships, and the Queen's diamond jubilee. Not to mention the EU Gender Directive.

When the directive comes into force this December, it will be illegal to base annuity rates on gender. Sounds drastic but there's no reason it should impact on your business; annuity pricing is much more than which box - male or female - your client ticks. In fact, gender is only one of a long list of rating factors that providers use. Topping the list is your client's health and lifestyle. So the introduction of Origo standards 3.6, which will make it easier for you to quote on your client's individual circumstances, will have a much bigger impact than the gender directive. Then ther...

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