Perpetual to move into group market

Perpetual's life office is getting set to enter the group personal pensions market in time for the launch of stakeholder. The group hopes to launch a product prior to April 2001, and possibly by year end as stakeholder pension products can be registered with Opra starting from October 2000. Perpetual plans to enter the defined contributions market with a GPP and a money purchase occupational product. Fiach McGuire, pensions director at Perpetual, said as the group believes stakeholder is little more than a Cat-marked GPP, it did intend to have a Cat marked element to its product. The gro...