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Abbey launch stakeholder on-line

Abbey National is launching a fully automated on-line facility to enable employers to choose stakeholder pensions for their employees on the internet.

Abbey say the move comes as a result of changes in pensions legislation which requires employers with five or more staff to offer pension provisions to employees from next October.

Abbey&#39s stakeholder sales director Tim Morgan says: “The launch of our stakeholder pension site marks yet another innovative development in Abbey National&#39s e-commerce strategy and will be seen by many employers as a breath of fresh air.”

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