While group pension scheme software can substantially reduce the scope for error and cut transaction costs, there is still much debate as to who will foot the bill for its implementation
In his address at the recent adviser.tech workshop, Stewart Ritchie, director of pensions development at Scottish Equitable, identified the tight environment in which the pension industry is now operating and the importance for intermediaries of finding alternative cost-effective ways to do business. With the Government making employers responsible for stakeholder plans, the intermediary's involvement in the provision of individual pension is changing, he said. According to an ABI research, the savings gap in the UK, the basic difference between what individuals are saving compared ...
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