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Britain's retirees missing out on 500m per annum

02 June 2008

Following the release of the Financial Service Authorities interim findings on the progress of the Open Market Option, Just Retirement has urged the pensions industry to take greater steps to ensure that retiring customers are made more aware of the availability of the Open Market Option.

Just Retirement estimates that the ineffectiveness of the current regime means that Britain's pensioners could be missing out on over £500m per annum.

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