Pensions concurrency is often ignored or misunderstood. Martyn Nethercott highlights the issues and the opportunities
Among the most welcome aspects of stakeholder pensions was the introduction of pensions concurrency that allows members of an occupational pension scheme to make additional contributions to a stakeholder or personal pension. There is a high degree of confusion in the marketplace as to exactly who is eligible and exactly how big an opportunity this really presents. What I will try to do in this article is add some clarity and size up the opportunities that now exist. Now that the dust is starting to settle following all the stakeholder hype, it is becoming obvious that stakeholder pensions...
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