Stakeholder exemption is boost to GPPs

The Government's most recent pronouncements on stakeholder are a definite boost for the GPP market. The exemption of GPPs from stakeholder pensions, so long as employers contribute the equivalent of 3% of employee earnings, will mean that IFAs can continue to sell GPPs without fear that they will have to revisit the product once stakeholder is launched. This means a good portion of existing GPPs arrangements will not have to switch into stakeholder arrangements and it could also mean a lighter administrative burden in reviewing the schemes already sold. It will still be necessary to revisi...