What is financial age discrimination?

Discrimination has been a hot topic in recent years. Ever since the Equality Act 2010 came into force we have all become more aware of behaviours that discriminate. While age discrimination is not new, financial age discrimination has not been explored that extensively before. This type of discrimination is essentially where financial firms discriminate against elderly customers because of their age. What is discrimination? Discrimination is treating someone differently from others because of certain characteristics that they possess. The Equality Act 2010 has defined nine ‘protected characteristics’ – if discrimination occurs on the basis of one of the following then it will be unlawful: Age Gender Race Disability Religion Pregnancy and maternity Sexual orientation Gender reassignment Marriage and civil partnership Different types of discrimination can occur. If someone with a protected characteristic is treated less favourably than others then this will be direct discriminatio


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