Have your say - Wake up and smell the coffee

clock

Nigel Barlow explains why the wake-up letter alone is not enough

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 t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •