Opra has launched its new stakeholder pension website. The first five schemes have now been register...
Opra has launched its new stakeholder pension website. The first five schemes have now been registered and can be viewed on the regulator's stakeholder pages.
Before a scheme can be marketed as a stakeholder pension, it must get tax approval from the Inland Revenue and be registered with Opra.
Between now and 6 April, 2001, when stakeholder pensions become available, Opra expects the web-based register to grow steadily in size.
At the moment the site provides basic contact details and web-links for stakeholder pension schemes provided by Barclays, Britannic, NatWest, Norwich Union and Royal & SunAlliance, but it is hoped the register may eventually list as many as 14 providers.
Caroline Instance, Opra chief executive, said: "The register is primarily a facility for employers who have a responsibility to check the scheme they intend to designate for their staff is, in fact, registered as a stakeholder scheme.
"We welcome feedback on how easy it is to use because we want it to be as user-friendly as possible".
The website also includes a comprehensive stakeholder facts section from both employer and individual perspectives.
60+ £300bn ISA savings
Total funds on list rise from 26 to 58
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