The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
Spectator.co.ukRough justice, but MPs have got Sir Philip 'Shifty' Green bang to rightsSpectator.co.ukBut you will probably agree with the MPs that his sale of the store chain to a consortium led by former bankrupt Dominic Chappell, who had no money or retail experience behind him, was a cynical outrage. The deal seems to ... But still the MPs' report ...and more »
Mirror.co.ukSantander plans to slash 123 current account from 3% to 2% interest rateMirror.co.ukThe rumour emerged on the same day Santander revealed profits in the UK jumped 16% to nearly £1.1bn between January and the end of June. Santander's 123 ... The figure includes both current account and 123 credit card customers. Santander said ...and more »
Moneywise MagazineThe pros and cons of moving your pensionMoneywise MagazineYou might be tempted to switch pension providers to get your hands on your money, find a better deal, or to bring a number of pensions into one place. But before you move your .... If this is just some low-cost funds, then a personal pension from an ...
Brexit may bring down equity release hopesMoney ObserverA Baring Asset Management report estimates around 8 per cent of working age people (equating to three million across the UK) now plan to retire using the proceeds of the sale of their home. McPhail says: 'The growth in lifetime mortgages will only ...
Spectator.co.uk (blog)When it comes to debt, Charles Dickens offers good financial adviceSpectator.co.uk (blog)Statistics from The Money Charity show average debt per household including mortgages is nearly £55,000. Even in good .... Their use should be stigmatized and it should be drummed into every school child's head that unless you have savings to ...
Have you met...
Latest Members:


alsabaak


NO


qasrksa


marwasaf


lolo


danny


midomidi2013

 

General News

Email this story to a friend:

Insurers can’t charge women less than men

The European Court of Justice has ruled that insurers can’t consider gender when setting insurance premiums.

01-03-2011

Charging men more for car insurance than women would amount to sex discrimination. Will premiums for men go down while premiums for women rise? Probably. If the degree of risk has been accurately calculated into the premiums in the past it’s likely that premiums for men will remain the same and those for women rise to match. If premiums for men reduce to the level of women’s premiums I’ll eat my hat.

Annuity rates have changed already in anticipation of the ruling.... but as implementation has been deferred til 21st Dec 2012. As things stand, women receive lower pension annuity rates because they tend to live for longer than men.

Because women have a longer life expectancy, they pay less for life assurance but more than men for critical illness insurance.

We'll be keeping a watch on changes.  

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks