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Bacon & Woodrow calls for GPPs to qualify as stakeholder schemes

Bacon & Woodrow has called on the Government to allow Group Personal Pensions to qualify as stakeholder pensions in its response to the Green Paper.

Plans should be allowed to qualify whether or not they have the appropriate trustee structure.

The consultant also wants the Government to allow charges of more than one per cent for marketing and distribution costs including remuneration for IFAs.

It believes stakeholder should have a higher contribution limits for people with fluctuating incomes to allow them to pay more than the £3,600 limit on contributions.

It also recommends the Government shelve its plans for the second state pension in favour of restoring the basic state pension above the minimum income guarantee.


APCIMS calls for individual shares to be held in pensions

The Association of Private Client Investment Managers and Stockbrokers has called for individual share holdings to be included in the Personal Pension Investment.Apcims argues that by excluding individual share holdings the Government is contravening its budget commitment to widen share ownership.The Association&#39s submission to the Treasury also calls for the inclusion of gilts and bonds […]

Aon Consulting responds to Pensions Green Paper

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&#39s director of research Donald Duval says: &#34It is unnecessary to have a third tax regime for pensions. We believe the Government could merge the stakeholder tax regime into […]


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