Six in 10 IFAs are ‘concerned' about advising female clients to buy lifetime annuities ahead of the introduction of the gender equality ruling, according to research.
A poll carried out by Primetime Retirement also found uncertainty over pricing makes it difficult for IFAs to advise on conventional annuities amid fears that male rates could fall by 13% after ‘G-Day' begins on December 21st. Kim Lerche-Thomsen, chief executive at Primetime Retirement said: "Lifetime annuity rates are already at an all-time low and uncertainty over gender equality is adding to the difficulty for advisers and clients in making a decision." Over two-fifths of IFAs (44%) expect rates to be levelled down while half expect providers to find a mid-point between male and fe...
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