Schroders is to launch into the stakeholder pensions market later this year in the wake of its acqui...
Schroders is to launch into the stakeholder pensions market later this year in the wake of its acquisition of Liberty International Pensions.
The investment house is to offer a corporate stakeholder pension scheme with the annual management charge likely to be 1%.
The group is considering an active fund management option as well as passive funds for stakeholder although details are yet to be finalised.
The move follows Schroders' completion of its acquisition of Liberty International Pensions, which the group is renaming Schroder Pensions.
The group will be rolling out a range of defined contribution (DC) pensions services over the next few months including investment management only, third-party admin only and a full DC pension service made up of investment management, communications and admin, as well as combinations of these options.
Richard Haw, chairman of Schroder Pensions, said: "The increased demand for DC pension provision in the UK is accelerating and Schroder Pensions, through its long-standing investment management expertise combined with a leading and established DC infrastructure, is well placed to seize the market opportunity."
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