PICA lobbies for OMO as default position for retirees

Jenna Towler
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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 ...

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