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Aon plants a tree for employers

Aon Consulting is producing a decision tree for employers to help them prepare for the introduction of stakeholder.

It hopes the tree will help employers decide whether to have a stakeholder scheme running alongside an existing scheme or to change existing arrangements to remove the need to offer stakeholder.

The tree, featured in Aon&#39s quarterly newsletter Compass, poses the basic questions that employers must address.

The newsletter contains tax planning features of stakeholder for individuals and their partners where only one of them is earning an income. It also looks at the impact of improved longevity on pension schemes.

Aon says the charges on stakeholder-friendly pensions may be lower for many employees earning below £30,000 compared with AVC charges, so companies may choose to offer another scheme to meet this need.

It says employers will have to address issues on cost, communication, admin, employee relations and expectations. Aon recommends emp- loyers to start communicating with staff as soon as possible.

Senior consultant Steven Johnston says: “Even for those employers where no stakeholder requirements apply, consideration of the issues raised will still be needed.

“Preparing now in good time presents an ideal opportunity for employers to deal with stakeholder.”


L&G bonds with performance

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When the Sipp comes in

I have a self-invested personal pension established from transfers in from previous schemes and from contributions made by myself and my company. I now wish to take the minimum allowable income from the fund without buying an annuity. I am 52 and do not expect to want to take all the proceeds for at least […]

Black and white in grey areas

The general election is almost certain to follow this Budget within a couple of months. Every political party is now targeting the grey vote as crucial to its election prospects. Take these two points together and you have the potential for this Budget to be the most interesting from a pension viewpoint for many years. […]

All the fund of the fair

Recent articles on the subject of the scandal of compulsory annuities, by Prudential Annuities and IFAs who specialise in annuity sales, would have us believe that compulsory annuities bought from pension monies offer good value. Readers who believe this might also think turkeys enjoy Christmas. Fortunately, the press and people like Dr Oonagh McDonald are […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


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