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Pre-Budget Report
09 October 2007
Under the Open Market Option (OMO) an individual can shop around to get the best annuity deal. The Government announced in 'The Annuities Market' at PBR 2006 that it was a good time to work with key stakeholders to review the workings of the open market. The joint HMT and DWP led review has worked with a range of stakeholders to agree a proportionate package of measures to improve the OMO for both personal and occupational pension schemes.
Outcome of the review of the operation of the Open Market Option (OMO) is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
