The ABI is lobbying the DSS to relax its proposal of a daily calculation of charges for stakeholder ...
The ABI is lobbying the DSS to relax its proposal of a daily calculation of charges for stakeholder pensions due to worries that life office systems cannot cope, writes Robert Stock. The association believes the massive burden of costs to develop computer systems capable of dealing with the proposed calculation may cause some groups to pull back from making stakeholder offerings. When the 1%pa cap was first suggested, there was debate on how and when the 1% would be calculated. The DSS clarified this point in its recent draft regulations for stakeholder, making it a requirement of groups ...
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