open market option

Advisory firm Torquil Clark today launched a dedicated annuity brokerage service it says could help consumers better access the open market option (OMO).

Living Time will provide fixed term annuity quotes to IFAs via the Assureweb portal from 15 November.

The Pensions Regulator (TPR) could make a bid to regulate certain areas of defined contribution pension jurisdiction as the FSA is dismantled, a former TPR employee says.

The Pension Income Choice Association (PICA) has appointed Fidelity UK managing director Gary Shaughnessy to its management board.

The Pensions Regulator's (TPR) new guidance for members shopping around for retirement products is ‘still not enough', according to Tom McPhail, head of pensions research at Hargreaves Lansdown.

Scottish Life has cut open market option (OMO) waiting times for clients from an average of 11 days to 8.1 days using Origo's Options software.

Life assurance group Just Retirement has acquired The Open Market Annuity Service (TOMAS) in a bid to streamline annuity shopping.

Zurich Life UK will offer Legal & General (L&G) annuity products alongside its own in bid to improve its at retirement offering.

Origen Financial Services, an Aegon-owned national IFA, today launches Annuitas, an annuity and advice service aimed at IFAs.

Almost three-quarters of pensioners with pots of less than £40,000 do not use the open market option, according to research from Partnership.