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TUC - Insurance ruling will end extra discrimination against women's pensions
Commenting on the European Court of Justice ruling yesterday that prevents companies from taking a person's gender into account when setting premiums, TUC Assistant General Secretary Kay Carberry said:
'Women who are looking to take out an annuity to provide a pension will gain from this ruling.
'Women tend to have much smaller pension pots as they earn and save less over the course of their careers, so this will end the extra discrimination in the annuity market.
'Many more men buy annuities and they tend to have bigger pension pots, so there is no need for men to lose as much as women gain by the change. However, consumers will need to shop around even more carefully.'
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Register for the TUC's press extranet: a service exclusive to journalists wanting to access pre-embargo releases and reports from the TUC. Visit www.tuc.org.uk/pressextranet
Contacts:
Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Elly Gibson T: 020 7467 1337 M: 07900 910624 E: egibson@tuc.org.uk
