Retirement: Why 21st December 2012 is a key date for male retirees

Everyone knows that Annuity rates have fallen significantly over recent years. The latest dip in gilt yields, to their lowest level since the 1700’s, has done nothing to help the problem. Gender Directive to affect Annuity rates? The issue is likely to be compounded for men by the implementation of the European Union Gender Directive on 21st December 2012. The ruling means that Annuity providers will not be able to discriminate between men and women when they set Annuity rates. Any pension calculator will show that men get better Annuity rates than women, due to the simple fact that they don’t ...