Article: Firms link up to boost Omo.(open market option)(Brief article)

MGM Advantage, Living Time, Partnership Assurance, LV=, Canada Life and Hargreaves Lansdown are understood to have formed a trade body to promote a greater range of retirement planning options.

The group, which is so far unnamed, is developing a manifesto for change that aims to ensure people nearing retirement understand the different options available to them and exercise their right to shop around for the best rate.

The founding firms are believed to make up the management board of the trade body, which is designed to complement the Association of British Insurers.

A wider group of providers, adviser firms and consumer groups such as ...

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