Stakeholder launches into sea of ignorance

Professional Adviser
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The Government's new low-cost pension, stakeholder, was launched today, the first day of the new ...

The Government's new low-cost pension, stakeholder, was launched today, the first day of the new tax year. But research suggests half the UK population hasn't even heard of it yet and even those who have aren't to clear on the finer points - like whether you need to be working to take one out. Research conducted for HSBC covering stakeholder and tax-efficient savings found that just over half of those questioned hadn't heard of stakeholder pensions, and only a third were aware of its launch date. Over two thirds didn't know that you don't have to be employed to use one. On the subje...

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