OMO: The opportunities

March 1st was the deadline for pension companies to comply with a new code of practice to encourage more customers to shop around for the most suitable deal before buying a pension income. It has been estimated that the half a million people retiring each year could be missing up to £1 billion of future income due to poor choices. With an ageing population, the shift to defined contribution and more recently the launch of auto-enrolment into pensions, its forecast these losses could multiply to £3 billion if not addressed. No-one can claim this problem has crept up out of nowhere. The...