Gender-neutral pricing: a bit of clarity

The next phase of the long running saga introducing gender-neutral annuity rates is fast approaching. But the position is far from certain with many complexities sure to exist after the changes take place. Standard annuities Rather than having different rates for males and females, standard annuities will have one gender neutral rate from 21 December. This is likely to mean male rates fall 3% to 4% and female rates edge up slightly by 1% or 2%. Therefore, male clients wanting to buy an annuity may believe it is sensible to do so before December. However, buying an annuity solely ...