FSA widens its Omo probe to cover Sipps

Pow, Helen
June 2009
Money Marketing;6/25/2009, p3
The article reports on the Financial Services Authority's (FSA) letter which embodies their extended review of the open market option (Omo) from personal and stakeholder pensions to Sipps. A letter was sent to the bigger firms asking copies of the internal documents that show the firms' processes and corresponding service levels at each stage of an Omo transfer, while examples of Omo literature is also asked from the smaller firms. FSA reports will be released by third quarter of 2009.


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