Stakeholder may be better for concurrency members

Employers may be better off paying into a stakeholder scheme as opposed to an occupational AVC arrangement, according to John Wilson, a research consultant at HSBC Actuaries and Consultants. Speaking at the HSBC stakeholder seminar in London on 8 March, Wilson said this is because those employers would be able to take advantage of the possibility of higher tax-free cash benefits. He said: "At very least, employers that promote their AVC arrangement will also have to mention that, for certain scheme members, there may be a better alternative, such as stakeholder. Some employers may...