Insurance etc.14

1

It is not an age contravention for an employer to make arrangements for, or afford access to, the provision of insurance or a related financial service to or in respect of an employee for a period ending when the employee attains whichever is the greater of—

a

the age of 65, and

b

the state pensionable age.

2

It is not an age contravention for an employer to make arrangements for, or afford access to, the provision of insurance or a related financial service to or in respect of only such employees as have not attained whichever is the greater of—

a

the age of 65, and

b

the state pensionable age.

3

Sub-paragraphs (1) and (2) apply only where the insurance or related financial service is, or is to be, provided to the employer’s employees or a class of those employees—

a

in pursuance of an arrangement between the employer and another person, or

b

where the employer’s business includes the provision of insurance or financial services of the description in question, by the employer.

4

The state pensionable age is the pensionable age determined in accordance with the rules in paragraph 1 of Schedule 4 to the Pensions Act 19954.