Open Market Option - is the ABI going far enough?

Raising awareness of the open market option has been a big issue for some time now. While there is evidence that more people are shopping around for their retirement income, around one third of people still don't access the open market option. The Pensions Income Choice Association (PICA) has been lobbying government to make the open market option the default process for retirees, while providers such as Living Time have also done their bit to raise awareness of the issue via its Offer More Options campaign. Today the Association of British Insurers (ABI) stepped up to the mark by announ...