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Talkback

“From our perspective, the initiative has been working but this obviously is not reflected in the figures but what more can they do?”

Paul Newman, Perry Marshall Financial Services

“Yes, they have got it quite muddled up – both IFAs and consumers are confused. The Government needs to think this out carefully and listen to IFAs&#39 views.”

Sohan Jheeta, Personal Investment Planning Services

“No, I do not think they should rethink the initiative. What is the benefit in going backwards if they are trying to improve consumer awareness?”

Alan Steven,Portfolio & Pension Management

“No. They should not rethink the initiative. What this issue boils down to is administration – standards are appalling. Essentially, if the Government is serious about Omo, it is going to have to make insurers clean up their act.”

David Halbert, RF Hobson & Co

“Yes. Any effort to inform the policy holder of their Omo should be encouraged but the Government needs to consider a legal enforcement of Omo disclosure from pension providers within 12 months of a client&#39s retirement date.”

Peter Wade, Bradstock Bourne

“What initiative? Yes, they need to review this. I certainly think it is important that people are aware that they have an Omo. It does not surprise me that fewer people have shopped around.”

Philip Griffin, Philip Griffin & Associates

Yes 63%

No 37%

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