Virgin Direct challenge on stakeholder

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Virgin Direct will be offering stakeholder pensions to companies with as few as two employees wi...

Virgin Direct will be offering stakeholder pensions to companies with as few as two employees with an annual charge capped at 1%, writes Jenne Mannion It differs from the widespread belief in the industry that targeting smaller schemes would be economically unviable unless the 1% charge is raised. Gordon Maw, marketing manager at Virgin Direct, said the group could offer stakeholder pensions over the phone, significantly reducing charges otherwise associated with face- to-face consultation. He added: "Smaller companies should not opt out of stakeholder pensions because of difficulty in ...

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