Open up all options

For a number of years now, campaigners have battled to raise awareness of the Open Market Option for annuity buyers. This valuable right means that at retirement anyone with an individual defined contribution pension can move away from their pension provider to find a retirement income solution. It is sad but true that many people miss out by failing to shop around for the best rate on lifetime annuities, instead automatically purchasing one from their own pension provider at what can be an uncompetitive rate. Buying a poor value lifetime annuity is not the only way that consumers can m...