Male pension incomes set to fall – act before 21 December
Until 21 December 2012 when the EU Gender Directive comes into effect, men are entitled to higher private pension incomes (annuities) than women. Men receive higher annuities because statistically women live longer, so their pension income has to stretch further.
After 21 December, male and female annuity rates will be equalised thanks to the EU Gender Directive. Therefore men who wish to buy their annuity this year should consider acting sooner rather than later to take advantage of higher male annuity rates. This will not affect existing annuities in payment. Continue reading “EU Gender Directive Imminent”