With the recent first anniversary of stakeholder and the new defined contribution scheme, we look at the initial impact of these reforms
Now that stakeholder and the new defined contributions regime have just passed their joint first birthday, it is an appropriate time to take stock and analyse not only the initial effect of these reforms but also the wider impact they have had. The obvious place to start is with some hard statistics on stakeholder sales. The recent research published by the ABI is probably the most helpful and comprehensive information that we currently have available. According to this research, around 750,000 stakeholder plans were sold in the period from April to December 2001. And of the estimated 3...
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