Life assurance group Just Retirement has acquired The Open Market Annuity Service (TOMAS) in a bid to streamline annuity shopping.
TOMAS provides bespoke software to people managing and advising on pension schemes, which helps them to guide members into annuities at retirement via a platform providing annuity quotes. It has been acquired from Belfast-based advice firm Kerr Henderson Financial Services for an undisclosed sum. Just Retirement CEO Rodney Cook said TOMAS's work was proving critical in attempts to encourage consumers to use the Open Market Option. Scott Fulton, associate director of external affairs at Just Retirement, says: "TOMAS is important to two of our central policies: encouraging the OMO,...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
