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Gay IFAs lead assault on insurers&#39 &#39homophobia&#39

The Terrence Higgins Trust, gay rights lobbyist Stonewall and a group of gay IFAs have come together to fight what they claim is homophobia and Aids&#39 discrimination in the life insurance industry.

The group is spearheaded by Compass IFA director Chris Morgan and includes Ruth Whitehead Associates and former IFA Roger Taylor. It is meeting with ABI head of health insurance Richard Walsh this week.

THT says it came across 70 cases last year where HIV was used to discriminate against gay men by refusing insurance or massively increasing premiums. It believes single men are routinely asked intrusive questions that trigger supplementary questionnaires for gay men and compulsory HIV testing. It says this does not apply to other risk groups.

The ABI is reviewing HIV guidelines which were last revised in 1994. The intervening period has seen major strides in the treatment of HIV, which the group believes have not taken been into account.

Morgan says: “With a group that represents a cross-section of the gay and HIV community, we are entering into preliminary discussions with the ABI to achieve an alteration in the way the life industry sees gay people and the issue of HIV.”

ABI spokeswoman Leonie Edwards says: “This is just one of a series of meetings we have with groups interested in this issue.”


Equitable deals a new blow to policyholders with harsher penalties

Equitable Life has slashed its maturity and surrender values further in a bid to maintain solvency, blaming recent stockmarket falls.In a move described by Equitable as “most regrettable”, it will now reduce maturity values by 10 per cent, rather than 4 per cent, unless this brings the value to below the guarantee, which it will […]

Top lenders disagree with CML call for rate rise

Some of the UK&#39s biggest lenders have washed their hands of the CML&#39s unprecedented call to increase interest rates after it made the move without consulting members.HBOS, the biggest lender with a 24.8 per cent market share, says it was “very surprised” by the call to increase rates now to avoid bigger rises in the […]

Standard adds flexible personal pensions

Standard Life is offering two new personal pensions that allow flexibility on contribution payments, bringing the products in line with the leeway allowed on stakeholder.The personal pension flex and group personal pension flex offer customers a range of different payment methods and allow them to vary the frequency and amount of contributions they make.Customers can […]

Interest rates on hold again

The Bank of England&#39s Monetary Policy Committee has decided to keep interest rates at 4 per cent for the eighth month in succession. The news comes despite widespread predictions that the housing market is close to overheating. Only today the Halifax reported there has been a 20 per cent rise in house prices in the […]


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