Unisex annuity wedge is driven, warns Standard Life

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The UK could be moving closer towards unisex annuity, motor and life assurance rates despite the agreement to give a block exemption to new EU law.

John Lawson, marketing technical manager Standard Life, has issued the warning based on closer reading of the compromise agreement issued last week by the EU's Council of Ministers. Despite the apparent exemption offered to the insurance industry, the reality is wording in the agreement suggests calls for equal treatment between women and men in the access to and supply of goods and services is gathering pace, Lawson suggests. According to Article 4 under ‘Actuarial factors’, within the proposal document, the Commission is urged to accompany its report with a proposal to amend the d...

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