All change for annuities

clock

2012 is shaping up to be a big year, what with the Olympics, the European Championships, and the Queen's diamond jubilee. Not to mention the EU Gender Directive.

When the directive comes into force this December, it will be illegal to base annuity rates on gender. Sounds drastic but there's no reason it should impact on your business; annuity pricing is much more than which box - male or female - your client ticks. In fact, gender is only one of a long list of rating factors that providers use. Topping the list is your client's health and lifestyle. So the introduction of Origo standards 3.6, which will make it easier for you to quote on your client's individual circumstances, will have a much bigger impact than the gender directive. Then ther...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

Why annuities are back on advisers' agendas

Why annuities are back on advisers' agendas

'Another factor bringing annuities back into focus is the evolving tax landscape'

Ahmed Bawa
clock 24 March 2026 • 4 min read
Just guaranteed income for life sales soar amid adviser demand

Just guaranteed income for life sales soar amid adviser demand

Reports IFRS loss before tax of £118m for 2025

Jen Frost
clock 27 February 2026 • 2 min read
Record-breaking year for annuities as larger pots drive £7.4bn sales

Record-breaking year for annuities as larger pots drive £7.4bn sales

ABI figures for 2025 at highest level since 2014 pensions freedom bombshell

Jenna Brown
clock 12 February 2026 • 3 min read