Guardian predicting stakeholder scandal

Guardian Employee Benefits is predicting a stakeholder misselling scandal because the pension will not provide a high enough level of advice to employees. The group's managing director, Ray Milne, said there was not enough focus on advice and the Government risked failure in increasing privately funded pension provision. Milne said the Government's target stakeholder group of those earning between £9,500 and £21,600 will not be overly encouraged to take up a pension plan simply because they are available. He believes compulsion is necessary if stakeholder is to be successful. He said: "T...