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Otto Thoresen, Director General, Association of British Insurers said: "This welcome clarification from the Government is good news for the millions of pensioners who could have been affected if these rules had to be applied retrospectively. The decision by the European Court to ban gender in the use of insurance pricing was disappointing as it could have an impact on our customers. Insurers are working hard to mitigate any effects and today's confirmation that the new rules will only apply to policies taken out from 21 December 2012 will certainly help." |
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