Advisers baffled by pricing in run-up to G-Day

Half of the 447 advisers surveyed by the group expect providers to find a mid-point between male and female rates. More than two fifths (44%) expect rates to be levelled down, while 3% predict providers will push them up, the research added. About 60% of advisers, meanwhile, said they believe this uncertainty, coupled with claims rates for men could fall by up to 13% after December 21, makes it difficult to advise on conventional annuities. Primetime Retirement CEO, Kim Lerche-Thomsen, said: "Lifetime annuity rates are already at an all-time low and uncertainty over gender quality ...