Life - Articles - Process for dealing with gender neutral pricing confirmed


Bright Grey & Scottish Provident confirm process for dealing with gender neutral pricing

 "With six months to go until the European Court of Justice (ECJ) gender directive is implemented, plans are well underway at Bright Grey and Scottish Provident to move towards gender neutral pricing by the 21 December 2012 deadline.

 "Bright Grey has a dedicated section, including FAQs on www.brightadviser.co.uk/news-and-views/hot-topic/gender-directive/

 and Scottish Provident has set up a dedicated website at www.nextlevelportal.co.uk/gender-directive . These will remind advisers of the deadline to ‘G-Day' and give marketing support to help them explain the impact to their clients, making our strategy for managing business clear as well as continuing to promote the opportunities involved.

 "However, we are confident the gender directive will not affect our underwriting in any way. Policies must have started by 20 December 2012 to qualify for gender differentiated rates, so we will not offer our usual pipeline process. We are testing our systems before putting together a definitive plan for cases in pipeline on 21 December 2012 and will let you know more about this nearer the time. In the meantime advisers should look out for updates on the gender directive part of our websites.

 "One thing which we can't do, for competitive reasons, is to give advance examples of what prices will be after G-Day. It is worth reiterating that we hope women, in particular, take advantage of our current pricing plans before the gender directive comes into force."

 You can watch Roger Edwards and journalist Holly Thomas talking about the gender directive and its impact in this short video -

 www.uncovered-uk.com/2012/06/19/two-minute-gender-directive-video/

Back to Index


Similar News to this Story

Engage Mutual focus on quicker cash pay-outs for over 50s
Engage Mutual has launched an adviser campaign to highlight how easily it can make quicker payouts on its over 50s life cover, releasing up to &pou
Hymans Robertson grows life insurance advisory business
Hymans Robertson has announced the appointment of Emma McWilliam to its Enterprise Risk Management team. She joins from Milliman and will play a le
Aegon comments on ABI's Income Protection and Welfare report
Following the publication of the ABI’s Income Protection and Welfare report this week, Aegon’s Protection Director, Dougy Grant said:

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.