Stakeholder gap revealed

Professional Adviser
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82% of stakeholder schemes in operation are effectively empty shells with no members, abi says

Less than a fifth of employers are making contributions to stakeholder schemes set up for employees. These findings come from the ABI's latest research into stakeholder pensions, which also highlights the fact 82% of schemes in operation are effectively empty shells with no members. Recent government research shows only a quarter of the stakeholder target group, namely those earning over £10,400 without private pension provision, are likely to take out a stakeholder pension in the future under the current pensions regime. According to the ABI, this combination of circumstances means ...

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