EU could impose gender-equal annuities as early as 1 March

The advocate general brought the case to the European Court of Justice on 30 September last year, arguing the practice of giving men higher annuity payouts for the same pension pot because they are likely to live shorter lives is wrong. The submission said life expectancy is influenced by many factors other than gender including: economic and social conditions, family environment, drug use, sport and eating habits. However, experts warn equalising rates will force men's rates lower and ultimately make women poorer, as many depend on the joint life policies of their husbands and partne...