Advisers say the number of clients using the open market option (OMO) is increasing.
According to an IFA report from Prudential, half of those surveyed said they have seen an upturn in the past three months. Andy Curran, director of intermediated sales at Prudential, says advisers and providers have taken a "fair amount of flak" over the years for "apparently not informing people they have the freedom to shop around" for retirement products which best suit their needs. "It's good to see half of advisers say they've seen an increase in the number of people using the open market option, but it seems to me it has taken a financial crisis for people to start their financi...
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