'Madness': the ten best Tweets on today's gender ruling

Author: Rahul Odedra
IFAonline | 01 Mar 2011 | 11:00

Categories: Better Business

Topics: European Court of Justice| Annuities| Pension| Tom McPhail| Ros Altmann| | Nick Bamford| David Ferguson

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Positive news for consumers or 'inane meddling'? We round up the best Tweets on today's ECJ ruling...

The ruling, which comes into effect from 21 December 2012, will affect all areas of insurance and could lead to a fall in annuity rates for men and increased costs for all.

Twitter reaction:

Richard Earl
More inane meddling from the EU, next it will be age I am sure - it is not discrimination it is stats, WE ARE ALL DIFFERENT - GET A GRIP!

David Ferguson
I wonder when age-based 'discrimination' will also be banned? #absurd

Tom McPhail
Prisoners votes, unisex insurance; this is going to put a strain on the coalition

Richard Allum
Logical conclusion to ECJ is no questions about age, sex, sexuality, health?? etc. We are all Euro clones - do not differentiate. #bonkers

Ros Altmann
EU gender ruling madness: bit of relief from 2012 delay, but coincides with auto enrolment/NEST! Another blow for future UK pensioners

Tom Baigrie
Is the ECJ ruling a step on the way to ending the European Dream in a welter of well-meant meddling? Rule by lawyer = #bonkers

Nick Bamford
Does the ECJ decision on annuities mean that I am going to live longer then?!

David Worsfold
The ECJ gender ruling shouldn't be a surprise. I'm hoping some insurers have creative underwriting solutions ready. Moaning is no good.

Mark Polson
Final new preferred annuity risk factor - number of times watched Dirty Dancing. The ECJ guys are totally fine with it.

Andy Milburn
All the media coverage on gender so far focusing on motor cover, come on it's much wider than that! sums this country up sadly I guess?

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This is just crocodile tears by the insurers. They are secretly hugging themselves at the prospect of windfall profits. I also do general business and it will mean higher premiums - therefore higher commission. Overall whether car insurance or annuities it is surely not beyond the wit of computerisation and actuarial talent to work out a mean. If it means that they are making bigger profits on women how about working out an average and then raising the rates for women somewhat and lowering it for men proportionately? We speak of Europe as though it were some amorphous lump – a typical British attitude. What I just cannot comprehend is that the various European countries – who are no more or less ‘right on’ PC than we are – stand for this crap. We should be pressing for a European plebiscite on all this Human Rights and gender equality nonsense. I can certainly see the Italians, Spanish, Portuguese, Germans, Poles, Austrians, British and goodness knows who else roundly voting against all this. So what power will the ECJ have then? Why don’t our MPS start working for their money and see if they can’t muster support.

Posted by: Harry Katz

01 Mar 2011 | 13:11
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Gender-bending ; the good news!

Amongst all this moaning, there is logically one consolation for the blokes - at least we will presumably now be allowed to play of the Ladies' Tees! (Or will they have to play off the Mens'?!)

Posted by: John Eaton

01 Mar 2011 | 15:26
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