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Article: Friends Prov joins OMO system.(open market option)(Brief article)
- Article from:
- Financial Advisor
- Article date:
- April 9, 2009
- Author:
CopyrightCOPYRIGHT 2009 FT Business. 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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Byline: Dominic Welling
Friends Provident has become the latest provider to go live with e-commerce standards body Origo's 'Options' system, which was created to speed up the payment of open market option annuity transfers.
Martin Palmer, head of corporate pensions marketing for Friends Provident, said: "Open market options have grown significantly in popularity as consumers look to get the best deal available to them when it comes to purchasing an annuity.
"Friends Provident is committed to this industry-led ...