Stakeholder take-up varies by industry

The take-up of stakeholder by employees varies dramatically between different industries and regions, according to a survey from Abbey National. The bank's report shows that different levels of employer contributions have led to differences in take-up rates for schemes. Employees in the construction industry are the best provided for with 45% of businesses contributing to employee policies. Those in the retail trade are the least likely to take up stakeholder, with only 23% of employers saying they would pay into pensions. Differences between regions are also exposed by the survey....