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DSS calling for IFAs to advise on stakeholder

IFAs are being actively recruited for the Government&#39s stakeholder

helpline despite continued DSS protestations that stakeholder will not need

professional advice.

The DSS says it will open a helpline manned by “trained experts” to talk

consumers through stakeholder material provided by the Government and the

FSA, including decision trees, in October.

The helpline will be managed by the occupational pensions advisory scheme.

It aims to help consumers understand the relationship between stakeholders

and existing pension arrangements as well as other areas.

The helpline number will be published in a new Government stakeholder

guide for consumers and the DSS expects the line will play a major role in

educating the public ahead of stakeholder&#39s launch in April 2001

Making the announcement on the opening of the helpline, the DSS was

adamant it would not encroach on financial advice. An official statement

said: “The line will not provide specific financial advice.”

But Opas chief executive Malcolm McLean says: “We are looking for the

widest knowledge possible frompension consultants to financial advisers.”


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White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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