Over 80% want to stay contracted-out

At the end of last month, Legal & General contacted its contracted-out customers asking them to make a decision for the 2006/2007 tax year, providing a personal letter, a question and answer sheet and a podcast to help them make their decision. However, despite pointing out that customers contracting back in to the State Second Pension (S2P) are more likely to maximise their pension, early responses to their mailing show 83% prefer to stay contracted-out. Out of 3,193 responses received by 13 November, Legal & General have revealed 2,644 customers want to stay opted-out, as the insurer ...