Unfair occupational pension rebates

Contracting out rules should be uniform across all stakeholder schemes, no matter if they are set up under occupational or personal pension frameworks, according to Scottish Widows. In its response to the draft DSS rules on stakeholder pensions, the group states it broadly agrees with the proposed regulations but has reservations concerning contracting out. Ian Naismith, pensions strategy manager at Scottish Widows, said: "The draft rules mean the rebates for occupational stakeholder will be much lower than for personal stakeholder. "The rebates for occupational money purchase schemes w...