Smaller firms are not aware of stakeholder

Smaller businesses are those least aware of forthcoming stakeholder pensions, according to research by the Co-operative Insurance Society (CIS). The survey of 150 small businesses, each with between five and 50 employees, found that 76% do not offer any type of pension for their staff and only 1% of respondents named stakeholder when asked to name different types of pension. Those products that were named included personal pensions and company schemes. Even when prompted, fewer than 30% were aware of stakeholder pensions and more than 50% could not define what the aims of stakeholder pens...