by Chris
Last year we saw the European Court of Justice ruling regarding the legality of gender-based pricing in insurance underwriting. The court ruled that taking into account gender when underwriting insurance pro
You may be considering delaying the purchase of an annuity. The volatile nature of stock markets and pension fund performance are just two factors that may make deferring seem an attractive option.
So is now the
Delays in taking out an annuity could be costing pensioners up to £5,000 in income, it was reported in the papers last weekend. Annuity rates have fallen by around 3% over the last two months, with an average £100,000 fund now generati
The Finance (No. 3) Bill was given Royal assent on 19th July.
There were no surprises in the Act from a pension viewpoint just the expected confirmation of the backdated provisions, effective from 06/04/2011, such as:
a) New Drawdo
Reform of the open market option could help pensioners generate up to £7 billion in extra retirement income over the next 20 years, according to the Pension Income Choice Association (PICA). In evidence to the Workplace Retirement Inc
9
May
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Thousands hit by delays in pension pay-outs
Posted By: adviser in Featured Projects
Former London black cab driver Tony Slotnick hoped his retirement would be free of worry - but he couldn't even draw his pension for three months because of blunders over arranging an annuity to turn his savings into an income
Just over a third of people retiring this year will be surviving on incomes that put them below the poverty line, it was revealed yesterday. Around 35 per cent of people planning to give up work in 2011 will live on less than £14,400.
1
Mar
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EU Court Ruling – Cheaper Insurance Deals Based on Gender Are Illegal
Posted By: adviser in Articles
Insurers shouldn’t be allowed to take people’s gender into consideration when calculating premiums, the European Union’s highest court said.
The present system “works against the achievement of the o
If you’re a man and you’re approaching retirement, there’s a ruling due out in March from the European Court of Justice that you might want to keep an eye out for. The case being put before the court is to decide wheth
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Recent Posts
- Why use the open market option
- Unisex annuity rates coming in 2012
- Deferring an annuity – is it worth the gamble?
- Delays cost pensioners up to £5000
- Finance Bill given Royal assent
- £7bn would be released by OMO reform
- Thousands hit by delays in pension pay-outs
- A third face poverty in retirement
- EU Court Ruling – Cheaper Insurance Deals Based on Gender Are Illegal
- EU discrimination ruling will affect annuity rates.
- Work till you are 66
- Best & Worst Annuity Rates widen
- Annuity rates rising again – at last
- Mortality Cross Subsidy
- Changes to State Pension
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