ECJ ruling: The impact on retirees

Annuity rates will worsen for all, just as automatic enrolment starts: The European Court has dealt a further future blow to Britain's already struggling pensioners. In defiance of common sense and logic, insurers will be barred from pricing their products on the basis of risk. The delay to 2012 is a bit of relief, but not much comfort for those who will be affected. And of course 2012 is the year that the UK will start to automatically enrol all workers into pension schemes. Insurers barred from pricing products on basis of risk: The Court has decided that insurance companies will no...