Shaughnessy joins PICA management board

The association, which is lobbying government to make the open market option compulsory, has a management board of representatives from Living Time, LV=, MGM Advantage, Partnership and Bluefin Group. Shaughnessy comments: "People are living longer and need to be more financially self-reliant in their later years so the choice they make on how to turn their pension pot into a source of retirement income will have a significant effect on their future quality of life. "Fidelity is opposed to the current single default option which only directs people to purchase an annuity.We believe thi...