Consumer awareness of stakeholder increasing

The number of people who have heard of stakeholder pensions has risen from 25% to 61% over the past two years, according to a survey just released by the Department for Work and Pensions (DWP). However, of those respondents who have heard of stakeholder products, around half have heard the name only, Victoria Mayhew, senior research officer at the DWP, said. The survey, which interviewed 1,200 people of working age, also found that most people who were more than 15 years away from the age at which they expected to retire were uncertain what their retirement income would be. Of tho...