What Is an Open Market Option (OMO) Annuity Quote?

1 views 11/01/2021 0

Open Market Option (OMO) allows someone approaching retirement to ‘shop around’ for the best pension annuity rate, rather than simply taking the default rate offered by the company that managed their pension fund.

In this case, the fund is transferred to the company paying the annuity after the tax free cash has been paid.

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