An ECJ ruling to equalise annuity rates for men and women could increase demand for scheme pensions, Hornbuckle Mitchell says.
The European court may decide on 1 March it is discriminatory to base actuarial projections on gender, outlawing traditionally lower annuity rates for women.
Providers have warned the decision may lead to a reduction in men's annuity rates, rather than an increase in those for women, forcing them to turn away from annuities as a decumulation choice.
However, Hornbuckle believes pension schemes may benefit if the ruling gets the green light.
"Perhaps the most intriguing option could be to turn the spotlight onto Scheme Pension which will still be able to set income based on the individual man or woman's own life expectancy," says Stewart Dick, head of sales at Hornbuckle Mitchell.
"The actuary will take into account the size of the fund, the investment strategy and the age and health of the member when deciding how quickly the fund can be drawn down."
He adds: "In many ways it is an ideal pension withdrawal option for those with sufficient funds to retain more flexibility because the aim is to fully use the capital available during the member's own lifetime."
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