Govt to launch OMO advice website

Earlier this week the Government said in the Pre-Budget Report (PBR) it would encourage consumers to search the market for annuities. The Pensions Advisory Service (TPAS) will set up a website giving consumers a step-by-step guide to shopping for annuities. TPAS will involve stakeholders in the tool’s development and link it to the FSA’s comparative tables. Mike O’Brien, Minister of State for Pensions Reform, says: What we’re trying to do is encourage people to go beyond just their own provider and start to look at the market as a whole and what the website will do is talk people through...