Open Market Option

The Open Market Option is the name given to your right to shop around and take more favourable annuity rates than your pension provider might have offered.

If you’re retiring within the next few months, there is a good chance that your pension provider has already been in touch about annuities. However, under relatively new regulation, you do not have to take the rates offered by your pension provider.

Benefitting from the Open Market Option

The Open Market Option (or OMO) enables you to go elsewhere for the best rates. When it comes to something as important as your retirement income, can you really afford to just take the first offer? The figures from the Association of British Insurers show, however, that 61% of those who took an annuity in 2007 didn’t shop around.

The FSA recently introduced regulation meaning that insurance companies now have to tell you about your right to seek out more favourable rates through the Open Market Option. So take advantage of it. Your retirement could be twenty years long – or even more! Seeking out the best annuity rates is one way to secure the best possible income for that period of your life.

Let us help you to find the best rates. Get an annuity quote today.

• Get Annuity Quotes

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• What Happens Next?

  One of our expert advisers will review your information and get in touch. We‘ll then search the entire market to return the best annuity rates for you, according to your own personal circumstances.

  04-FEB 2012

• Who are we?

  Retirement Solutions Limited is a Specialist Independent Financial Adviser. We aim to be a one-stop shop for all retirement income solutions.

• Accreditations

  Annuity Rates is a trading style of Retirement Solutions Limited, who is authorised and regulated by the Financial Services Authority.

  Registered Office: Centrix House, Crow Lane East, Newton Le Willows, WA12 9UY

  Tel: 01925 321 421
  Fax: 0844 358 0271

  Registered in England and Wales No: 06006741