It has emerged that the European Commission’s ruling on gender pricing in Annuities will not apply to occupational pension schemes.
The European Court of Justice ruled in March last year that insurers could not use gender as a factor when pricing their Annuities.
The ban is due to come into effect from 21st December 2012 and initially it was thought that insurers would need to change the way in which they price their Annuities. Many experts predicted the ruling would lead to lower Annuity rates, particularly for men. An Annuity rates comparison shows that men currently tend to get a ...