Lindorfer – are sex-based actuarial factors an endangered species?


In the shifting sands of pensions regulation, the bedrock for pensions professionals is legal certainty. Since the 1993 case of Neath v Hugh Steeper, pension schemes have not questioned their ability to calculate a cash equivalent transfer value (CETV) using sex-based actuarial factors. But the recent European Court of Justice (ECJ) case of Lindorfer has unearthed new doubts in this area.

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