Stakeholder rules clarified by DSS

By Mohamed Ali Bernat Employers offering group personal pension (GPP) schemes with 3% contributions will have to re-offer the scheme to ensure their exemption from stakeholder pensions, according to Scottish Equitable's pensions development manager Steven Cameron. The DSS has written to Scottish Equitable to clarify issues on stakeholder exemption raised during the group's recent roadshows. Cameron said the DSS has confirmed employers would have to keep the GPP open to employees at all times. He added: "It looks like IFAs would do well to advise their corporate clients to re-offer pensi...