Providers must be qualified to advise

Staff of stakeholder scheme providers will have to be fully qualified to give investment advice if they give presentations to employees. This is one of the main features of the conduct of business and training and competence regime for stakeholder pensions business which the PIA and Imro finalised last week. Other main features focus on ensuring consistent and comprehensive point-of-sale information about stakeholder is provided. These underline the fact that decision trees have been introduced to give consumers the opportunity to decide whether a stakeholder would be a good choice for th...