Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Friends adopts fast OMO system

by admin
March 23, 2009
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

The new system, called Options, has been developed by pension and annuity providers and Origo, the e-commerce standards body, in conjunction with the ABI. It is designed to deliver faster turn-around times for customers transferring their pension benefits to annuity providers.
All OMO transfers for Friends Provident corporate pension and individual pension products will be covered by the new system.
Friends says adoption of the system means advisers will see an end to lengthy transfer delays, and a significantly improved service for OMO transfer business between pension and annuity providers.
Martin Palmer, head of corporate pensions marketing at Friends Provident says: “OMOs have grown significantly in popularity as consumers look to get the best deal available to them when it comes to purchasing an annuity. Friends Provident is committed to this industry-led initiative to provide better services to customers.”

VIDEO FROM ROYAL LONDON


Find out more about how to support the switching of a workplace pension

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Jo Sharples profile: Happy returns for Aon

  • SPP warns against salary sacrifice reforms amid strong employer support for current system

  • Barnett Waddingham appoints five new partners amid raft of promotions

  • Consultants welcome new Pension Schemes Bill

  • Govt sets out roadmap for blockbuster pension reforms

  • Government introduces long-awaited Pension Schemes Bill

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.