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Article: Living Time urges Treasury not to withhold updates on open market option.
- Article from:
- Financial Advisor
- Article date:
- October 23, 2008
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Byline: Fiona Nicolson
Retirement income specialist Living Time has warned the Treasury not to use the current economic turmoil as a reason for dropping a promised update on the open market option, from its Pre-Budget Report.
"Last year the Treasury said it would use the Pre-Budget Report to give annual updates on how well the open market option is operating," said Dave Harris, managing director for Living Time.
"This may not be a top priority given the turbulence in financial markets, but treating retirees fairly is an issue that is far too important to leave on the back burner.
He added: "Over the next 12 months, more than 400,000 ...