The National Union of Journalists (NUJ) has selected Norwich Union as its stakeholder pension provide...
Details of the stakeholder partnership announced at the NUJ conference in Scarborough will be available to the union's 34,000 members.
The stakeholder scheme is likely to prove of particular interest to NUJ members given the transient nature of the industry and that just under two thirds of reporters are in full-time employment.
The Norwich Union stakeholder scheme arranged for the NUJ by Independent Financial Services is said to have been picked because of its competitive structure which includes progressively reducing charges as an individual's pension fund increases.
Commenting on the scheme, NUJ spokesman Don Mackglew said: "We are delighted to announce the launch of this scheme to encourage more members to take charge of their pension provisions. The scheme we have negotiated gives members access to a quality pension product with the country's largest insurer."
Jerry Barnfield, Norwich Union spokesman said: "We are very pleased to have been chosen by the NUJ to offer stakeholder pensions for their members."
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