The links below are a repeat of the links available in the menu system above and are for the benefit of visually disabled people using speech reader computer equipment.

about the pension annuity service
additional benefits
alternative flexible annuities
annuity income frequency
annuity alternatives explained
annuity - economic conditions
annuity factors explained
annuity guide book
annuity quotes
annuity rate
annuity terms offered by provider
annuity - the effect of timing issues
annuity types explained
are you retiring soon?
contacting PAAS
conventional annuities
costs of using retirement advice service
escalating annuities
five year rolling annuities
flexible annuities
getting started
getting the most out
impaired life annuities
income drawdown
index - home page
inflation - the effects on your annuity
investment linked annuities
lifestyle enhanced annuities
open market option
our advice service
our credentials
partners pension
payment guarantee period
pension annuity questions
pension options
pension simplification
pensions act 2004
phased retirement
protected rights
purchased life annuities
retiree age and gender
retiree health
retirement annuity terminology
self invested annuities
staying working whilst drawing pension
tax free cash
testimonials
unit linked annuities
with or without proportion
with-profits annuities
your pension explained

Link to parent company website, Richmond Independent

About your open market option

Your pension fund will have built-up over your years of employment and as you get nearer to retirement age, you are faced with getting to grips with your pension options. One of the terms you may see mentioned is the Open Market Option.

Open Market Option (OMO) basically means that you are free to buy your pension annuity from a wide range of insurance companies, not just from the current company where your pension fund resides.


Why should I bother going to other pension annuity providers?

Because you may well get a better deal, and consequently a higher rate of pension income. Insurance companies are vying with each other to get your business, therefore you could end up with a better annuity rate. This difference can be as much as 25%, so it is well worth your effort.

The Pension Annuity Advisory Service is able to assist you in obtaining quotations from pension annuity providers by searching the marketplace and advising you on the most appropriate package.

  Your Annuity
  Using our service
  PAAS
 
The Pension Annuity Advisory Service is a trading style of Richmond Independent, which is an appointed representative of John Ellis IFA Ltd which is authorised and regulated by the FSA  
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