Moves have been made to boost retirement income according to last week’s Pre-Budget Report. Under the ‘open market option’, retirees who wish to use their pension savings to buy an annuity, which pays an income for the rest of their life, should be able to look around for the best offer. Savers should be able [...]

More: Measures put in place to increase retirement income

I couldn't agree more. This is exactly the point that we tell our clients.

Insurers should have to make the OMO clearer.

Altohugh there are also alternatives to annuities we some clients prefer.

DR