Pada plan for auto Omo

Pow, Helen
June 2009
Money Marketing;6/18/2009, p1
The article reports on the plan of Personal Accounts Delivery Authority (Pada) to consider making open market the default option for the decumulation of personal accounts in Great Britain. It states that Pada previously intends to set up a panel of providers to supply annuities to retiring investors. According to Pada chief executive Tim Jones, they might solved their problems through an electronic open market operation (Omo) instead of a provider panel.


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