The Pension Protection Fund (PPF) must ensure it pays out at least 50% of individual entitlements to members whose funds were absorbed into the lifeboat fund, the European Court of Justice (ECJ) has ruled.
The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) have lost their bid to recoup £2bn in backdated VAT on investment management services for defined benefit pension schemes.
Advisers believe uncertainty over future pricing will make it difficult to advise women on lifetime annuities before the EU gender directive on 21 December, Primetime Retirement has found.
MGM Advantage has confirmed its annuity quoting structure and business model for the period leading up to the EU gender ruling on 21 December.
Advisers will have a bigger job on their hands after gender equalisation comes into force this year, indicates research.
The European Court of Justice (ECJ) has said discretionary portfolio management should not be exempt from VAT.
Protection is seen as a key growth area by IFAs with almost two thirds optimistic about increasing business in the sector this year.
Ageas has questioned whether the impending move to gender neutral pricing will result in women falling further behind men in their willingness to protect themselves.
The debate between insurers and their ‘right' to assess risk against public policy concerns about unethical discrimination has come into sharp focus again with the European Court of Justice's (ECJ) ruling on gender discrimination.