Article: Money Letters: Making sense of the open market option.(Your Money)

Byline: Ross Bennett

QUERY: I am self-employed and have had a personal pension for 25 years, which has grown considerably over that time. The insurance company has written to me offering a lump sum and a pension at my retirement. There is also a paragraph which talks about an 'open market option'. I have read this several times and I am still not sure if I understand it.

Could you please explain?

RB, Coleraine

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