Axa's Morrison: More clarity needed on unisex pricing

On 1 March, the ECJ outlawed gender as a factor in insurance pricing, a rule that will come into force in December 2012. It is expected to have a significant impact on annuity rates for men and women, with many claiming annuities will become more expensive for everyone as insurers move to counter-balance the extra risk. But Mike Morrison (pictured), head of pensions development at Axa Wealth, says the ruling, which is based on a case brought by a Belgian consumer, does not provide enough information for advisers at this stage. "It does not seem clear. Does it only apply to insuranc...