Have your say - Wake up and smell the coffee

Despite a high degree of attention being paid to the matter since the publication of CP106 in 2001, take up of the Open Market Option (OMO) has remained stubbornly below 40% of policies and, in the first quarter of this year, was only slightly more than a third of all policies. Over the past year, HM Treasury, DWP and the FSA have reviewed the working of the market and have taken action to improve outcomes for customers. This activity still has some way to go and we are hopeful that the long-term result will see some improvement in the overall level of shopping around. Larger funds tend to ...