PICA lobbies for OMO as default position for retirees

Jenna Towler
clock •

Calls for the greater use of the open market option back up the policy changes called for by the Pensions Income Choice Association, the body says.

Figures from The Pensions Regulator, released last month, showed just over one-fifth of retiring defined contribution members take up the OMO. It showed also just 23% of DC retirees took up the ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Jenna Towler
Author spotlight

Jenna Towler

View profile
More from Jenna Towler

Phoenix posts £4.8bn bulk purchase annuity results

Prudential sells £12bn annuity book to Rothesay Life

More on Defined Contribution

Partner Insight: Building a reliable income for life in decumulation for DC members
Defined Contribution

Partner Insight: Building a reliable income for life in decumulation for DC members

Philip Smith, DC Director of TPT Retirement Solutions
clock 04 March 2025 • 5 min read
Gender pensions gap to 'keep rising', Broadstone says
Defined Contribution

Gender pensions gap to 'keep rising', Broadstone says

More women are ‘contributing less’ to DC pots, with men having pots double the size

Jasmine Urquhart
Jasmine Urquhart
clock 11 February 2025 • 2 min read
Partner Insight: European ABS - A compelling tool for DC default strategies
Defined Contribution

Partner Insight: European ABS - A compelling tool for DC default strategies

Asset-backed securities are often a misunderstood asset class, despite having many compelling characteristics including a potential return premium and a defensive capital structure. These, in our view, make them well-suited as a tool for inclusion in...

M&G Investments
clock 12 December 2024 • 3 min read
Trustpilot