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Action needed to boost stakeholder take-up, ABI pensions head tells Sofa conference

ABI head of pensions Joanne Seagers claimed 80 per cent of employers who must designate stakeholder schemes had already done so, but she admitted work needs to be done to get employees to sign up.

Speaking at this week&#39s Society of Financial Advisers conference in Birmingham Seagers said the ABI estimates 300,000 to 350,000 firms must introduce stakeholders, based on Department of Trade and Industry and Department of Work and Pensions data.

She said although between 240,000 to 280,000 employer had signed up “more action is needed to boost take-up. This needs an effective partnerships between Government and industry”.

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Norman Digance

Lives: Winchester with his wife and three children.Born: Eastbourne.Education: “When you get to my stage in life, where you were educated becomes irrelevant.”Career: Started out in the Civil Service at the Department of the Environment, then moved to the Building Societies Commission where his roles included secretary to the commission, head of external affairs, head […]

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