Trustees not employers will be liable for anything that goes wrong in a stakeholder pension scheme. ...
Trustees not employers will be liable for anything that goes wrong in a stakeholder pension scheme. The paper states that trustees will ultimately be financially liable for the operation of the scheme and that if the scheme is unable to operate, within the charge limit, the trustees would be liable for any costs in excess of the charging limit. According to the latest consultation paper trustees will have to take out indemnity insurance to protect themselves. The cost of indemnity insurance must be included within the total 1% annual charge for stakeholder. The Government is planning for...
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