HSBC Bank has been selected as the supplier of stakeholder pensions for Aston Villa Football Cl...
HSBC Bank has been selected as the supplier of stakeholder pensions for Aston Villa Football Club.
Harpal Karlcut, head of life, health and pensions at HSBC Bank, says, "Aston Villa has taken an early lead by offering its employees a stakeholder pension. Even better, the club is topping up employee's contributions. The club's high profile example will encourage other local businesses to act as good employers and set up and contribute towards stakeholder pensions for their staff."
Aston Villa's finance director, Mark Ansell added, "HSBC were chosen as advisers following presentations from a number of companies. We believe that they are able to offer the Club and its employees the service and confidence that is required in dealing with significant area in staff's personal financial affairs."
The announcement of the provision for stakeholder pensions by HSBC Bank comes shortly after Legal & General declared that it will be the provider of stakeholder pensions for Newcastle United Football Club.
The big remaining quetsion is which provider is prepared to take on the role for Rushden & Diamonds FC.
HSBC's stakeholder pension will be available to Villa's staff from September and meets the Government's criteria of no regular charges except 1% of the fund value each year, no transfer penalties, no charge for fund switches or redirections, no minimum term and contributions start at a minimum of £20.
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