Stakeholder is too risky

National Mutual will not be offering stakeholder pensions from the April 2001 as it believes much of the business written will never deliver any profit. Gavin Hill, managing director at the group, said the company would be offering products that it expected to perform better than stakeholder. He admitted National Mutual was not a mass market company and did not believe it would be in members best interests to compete for market share in the stakeholder arena. "We have decided we're not prepared to lose the amount of money required to enter the stakeholder market because it is a route pave...