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't have put it better myself, Harry.
We then move on to Bob Bullivant's 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't. 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.