As a result of the European Court of Justice ruling, the ban of the use of gender as a rating factor will come into effect on 21st December 2012

Experts believe that men will be offered annuity rates around 2-4% lower than at present, effectively slicing pension funds by a considerable margin.

Therefore, if you have any male clients who are approaching retirement, it could possibly be in their best interests to act sooner rather than later

Many annuity providers have now issued their deadlines for submitting ‘gender specific’ applications – and notably Prudential have just announced an earlier deadline of 12th November 2012 for obtaining illustrations, with applications and monies received before the illustration expires.

As we are all too aware, the pension transfer process can take between 3-6 weeks so time is now tight!

What with the approach of RDR and other business obligations, it is a busy time for most of you IFA’s. Thankfully for you, Absolute Paraplanning are more than happy to offer assistance for any of your clients that may be affected by the ECJ ruling.

All you have to do is ask!