OMO

Annuity rates have fallen significantly over the last five years, making it even more important individuals make good use of the Open Market Option.

Although A-day seems to have encouraged more people to take advantage of the Open Market Option for annuities, more still needs to be done warns Just Retirement.

Despite a rise in the amount of savings invested in annuities over the last year, 60% of consumers are failing to use the Open Market Option.