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Old 01-03-2011, 08:36   #48
Maggy
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Join Date: Jun 2003
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Insurance premiums to change after ECJ gender ruling

http://www.bbc.co.uk/news/business-12606610
Quote:
Insurers cannot charge different premiums to men and women because of their gender, the European Court of Justice (ECJ) has ruled.
Quote:
The ECJ decision will also affect the cost of buying an annuity - an annual pension - as women live for longer than men and so receive a smaller annual pension for the same pot of money.
The insurance industry has warned that the change will lead to men receiving a smaller annuity income than they do now when their benefits are brought into line with those for women.
Equality may work in both directions but it doesn't always work out how we would like.
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