Stakeholder failing to hit its target market

The Government has admitted that stakeholder is not hitting the original target market, according to Nigel Stammers, pension strategy manager at Clerical Medical. Speaking to Investment Week, pensions minister Ian McCartney said that stakeholder was targeted at 'middle and high income earners.' McCartney said lower earners would be targeted by the minimum income guarantee and the state second pension. Pensions credit would mean they would not lose out if they did make private savings, he added. This appears to contradict the original position of the Government which said stakeholder was...