Annuity Direct warns on Omo misselling

York, Nicola
July 2009
Money Marketing;7/9/2009, p20
The article reports on the shortcomings of the open market option (Omo) services in Great Britain in 2009. According to retirement planning specialist Annuity Direct Ltd., Omo services are not offering the most reliable annuity service which could lead to problematic selling that threatens the welfare of customers. The company suggests the need for the Financial Services Authority (FSA) to clarify the rules on pension switching in Omo.


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