Allied Dunbar's "true" stakeholder not available until October

Almost two months after the introduction of stakeholder Allied Dunbar has yet to introduce its version of the low cost pension product and only now is saying the product will in place by October. A spokeswoman for Allied Dunbar confirmed its stakeholder-to-be is being actively marketed and sold to employers even though it fails to meet the requirements of what is technically a stakeholder pension. At present, Allied's product calculates the annual management charge on a monthly basis at present as opposed to the required daily basis. It is also unable to accept transfers into the...