Aon Consulting has called on the Government to give stakeholder pensions the same tax regime as occupational and personal pensions.
In response to the Pensions Green paper, Aon's director of research Donald Duval says: "It is unnecessary to have a third tax regime for pensions. We believe the Government could merge the stakeholder tax regime into the two that currently exist for occupational pensiuon schemes and personal pensions."
Aon has also called for the present system of contracting out of Serps to remain for final salary occupational schemes.
But it has welcomed plans for stakeholder schemes to be set up under a trust structure saying this is in the members' interest.