With-profits will be allowed into stakeholder provided any charges are within 1% per year, writes Je...
With-profits will be allowed into stakeholder provided any charges are within 1% per year, writes Jenne Mannion. This key decision was contained within the draft regulations for stakeholder pension, released by Alistair Darling, Social Security secretary, last week. It has been widely supported by life companies. Peter Jordan, pensions development manager at Skandia Life, said the consultation document did not make it clear how transparency would be achieved. He said transparency would depend upon with-profits funds having explicit charges and their assets ring-fenced. One means of doing...
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