ECJ ruling: Pension industry warns on 'horrible mistake'

Experts warn the ruling will also put undue pressure on providers already struggling to cope with a raft of pension changes. However, pension providers have breathed a sigh of relief the ruling will only be effective from 21 December 2012, rather than immediately as previously feared. Steve Groves, chief executive of Partnership, says: "This is a slightly flawed judgement. It is confusing in that people will be paying the same premium, but getting different benefits, so is this discrimination against men?" Matt Trott, head of annuities at LV=, says: "There was a collective sigh of ...