MP backs Open Market Option campaign

Campaign for Annuity reform gathers paceThe calls for change to the existing Open Market Option system have received a boost with Tory MP Harriet Baldwin backing the case for reform by scheduling an amendment to the Pensions Bill. The Open Market Option allows pension savers to shop around for their Annuity, potentially getting a much better income than if they were to buy an Annuity from their existing pension provider. However, not everyone does use a pension Annuity calculator to shop around for the best Annuity or ...