open market option

The government has been urged to set up an independent advisory body to help annuitants and promote the open market option.

The myths and the facts surrounding annuities as an investment model

Just when you thought the UK pension landscape couldn't get any more disconcerting, IFAonline has pulled together some breathtaking statistics...

Groves discusses the problems surrounding the scrapping of the annuity age

Almost half of working Britons never review their pension plans and 38% of those who do select the default option for their scheme, research suggests.

Consumers and not pension providers are to blame for the lack of take-up of the Open Market Option (OMO), claims The Annuity Bureau.

The coalition government has issued an ultimatum to the Association of British Insurers over its opposition to the open market option, RP understands.

Improvements in the open market option(OMO) process could help pensioners gain £3.3bn in extra income by 2030, according to research by the Pensions Income Choice Association (PICA).

Helen Morrissey looks at the new initiatives open to advisers to provide greater choice to retirees

Reforming the Age 75 rule will reinvigorate the retirement income market but care should be taken not to undermine the annuity sector, the ABI warns.