The OMO offers an individual a facility to purchase an Annuity using funds from an existing pension policy. The OMO gives the policyholder the opportunity to “shop around” the annuity market to purchase the most cost effective /suitable annuity available, rather than be limited to purchasing the annuity solely from their existing pension provider.
Your home may be repossessed if you do not keep up the repayments on your mortgage or any other debt secured on it. To
understand the features and risks of lifetime mortgages and home reversion plans ask us for a personalised illustration.
My Personal Finances Limited is an appointed representative of
Accord Consultancy Limited which is authorised and regulated by the Financial Services Authority.
