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Civil Service picks pension panel

The Civil Service pension scheme has appointed four providers to the panel of money-purchase schemes available to new and existing members. Scottish Widows, Standard Life, AMP and the Prudential-administered TUC stakeholder will offer the partnership pension account.

Under the PPA, providers offer a stakeholder that attracts age-related employer contributions with the option of voluntary employee contributions, which are matched up to 3 per cent by the employer.

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