annuity rates

Insurers based outside the EU could undercut UK providers forced to use unisex annuity pricing by setting up QROPS, an expert says.

Advisers are preparing immediate mail-outs to clients to warn them of the impact of today's ECJ ban on gender-based insurance pricing.

Pension providers warn the ECJ's ban on gender-based annuity pricing is a "horrible mistake" which will damage pension income for all.

The ECJ has outlawed the use of gender in underwriting, which is likely to lead to a fall in annuity rates for men and increased costs for all.

Just Retirement, the enhanced annuity provider, today launches a tele-underwiting service available via the Openwork multi-tie network.

Living Time, the fixed-term annuity provider, has equalised annuity rates for men and women ahead of an ECJ ruling that could force all providers to do the same.

An ECJ ruling to equalise annuity rates for men and women could increase demand for scheme pensions, Hornbuckle Mitchell says.

Second-half sales at annuity provider Just Retirement climbed 11% last year thanks largely to a jump in equity release business.

Some protection and private medical insurance (PMI) providers could be forced to immediately close to new business on 1 March when a European Court decision on gender underwriting is announced.

Annuity rates across the board have risen slightly over February, according to Alexander Forbes Annuity Bureau.