View more on these topics

Women outlive men – it&#39s a fact

First of all, congratulations on a good piece “Sold on solutions” (Comment, April 22). It is good to read some common sense.

Such sense was also exhibited by John Morris in his excellent letter to the Treasury select committee and, of course, by Harry Katz (Money Marketing, April 22). I couldn&#39t have put it better myself, Harry.

We then move on to Bob Bullivant&#39s piece on annuities and it just awoke the spirit of despair when I think of a Greek MEP looking for unified annuity rates and the “barmy army” of feminists trying to prove that what is, isn&#39t. Who was the lady who said: “It is not a biological fact that women live longer than men; it is just a function of statistics.”

Well, I thought you might be interested in the following statistics obtained recently from the Department for Work and Pensions.

I asked the department what the current spread of individuals drawing state pensions was. The total number drawing state pensions in the UK at present is 11.4 million people.

Now for the interesting bit: four million of those are male, the rest, well, whether you look at it biologically or statistically, they are definitely the opposite gender.

I guess women do live longer than men and, therefore, unified annuity rates would be a complete travesty for males of the species. I, as one of those, am having none of it.

Terence O&#39Halloran



Chase fee-free loan service aiming to be the top player

Chase de Vere Mortgage Management is setting up a mass-market fee-free mortgage intermediary firm which it believes could be the dominant player in the mortgage market. The new business, which is still to be branded, is partly funded by GMAC-RFC and managed by Savills Private Finance founder Mark Chilton. It will be a national phone-based […]

Silver service

Tax planning ideas are communicated most effectively when they are targeted at the group for whom the ideas are most likely to be relevant. Obvious, really, isn&#39t it? Client segmentation is something which advisers should be doing on a regular basis to ensure they secure the best payback on their investment of time and funds […]

Man link hedges Closer

CLOSE FUND MANAGEMENT Close Man Hedge Fund Type: Capital-protected fund of hedge funds Aim: Growth linked to the performance of a portfolio of hedge funds Minimum-maximum investment: Lump sum £10,000 Investment split: 100% in hedge funds Term: Eight years and six months Return: 13%-15% growth a year Guarantee: Original capital returned in full regardless of […]

Spouse approval is urged for single-life annuities

Spouses could be forced to get written consent from their partners before buying single-life annuities under a rule change called for by the Equal Opportunities Commission and Age Concern. An EOC-sponsored amendment to the Pensions Bill was withdrawn by Labour MP Vera Baird last week after the Government said it would look at ways of […]

Rayner Spencer Mills: Why we rate the Artemis US Select Fund

Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm