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Article: FARROW'S VIEW: Open minded.(information about open market option to customers)
- Article from:
- Money Marketing
- Article date:
- September 13, 2007
- Author:
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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We need to shake up open market option rules to end consumer apathy
It is reassuring to learn that Just Retirement's campaign for better annuities is attracting advisers who are not just hoping to win a #4,000 holiday prize. Just Retirement launched its campaign a couple of months ago, the goal being to ensure that "once and for all, annuitants get the best deal possible".
Of the 2,000 people who contacted Just Retirement, only 100 have ticked the "please don't send me any information" box. In other words, the vast majority are keen to learn more. It is a start at improving the annuity malaise.
It is five years since the FSA changed the ...