Women unaware of protection price increases

clock • 1 min read

More than 80% of women are completely unaware of the forthcoming introduction of the European Gender Directive this year.

A survey by London & Country Mortgages has revealed that, although awareness of the Directive was low, 49% felt that equalising the price for men and women was a good thing.

The exact cost implications are not yet known but it's estimated that women could see an increase of 15%, potentially adding hundreds or even thousands of pounds to the total cost of a policy.

David Hollingworth, associate director at London & Country, said: "It's important that women are aware that the cost of cover will soon increase and take the opportunity to buy or review policies before the price hike takes effect."

"The time is right to review protection and avoiding unnecessary additional cost."

More on Regulation

BIBA names Julie Comer as head of compliance

BIBA names Julie Comer as head of compliance

Helping members with compliance queries and concerns

Jaskeet Briah
clock 20 March 2024 • 1 min read
FCA unveils measures for more transparent enforcement cases

FCA unveils measures for more transparent enforcement cases

Consultation process initiated

Sahar Nazir
clock 27 February 2024 • 2 min read
Vulnerable client processes: What the FCA wants from advisers

Vulnerable client processes: What the FCA wants from advisers

Proactive approach in identification and support

Alexander McGregor and Kris Armstrong
clock 26 February 2024 • 4 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read