Stakeholder regime to permit parallel schemes

Parallel schemes will be allowed under stakeholder, according to the most recent consultation paper from the Inland Revenue and the Department of Social Security The Government has proposed that stakeholder pensions, existing personal pensions and money purchase schemes will all fall under an integrated defined contribution pensions regime. Money purchase schemes will have the choice whether to opt into the regime or not It has also stated that members can hold more than one DC scheme within this regime. However, it has initially ruled out allowing parallel membership between final salary...