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Employer guide to stakeholder survival

The Confederation of British Industry and law firm Hammond Suddards Edge have produced an employer&#39s guide to stakeholder.

The stakeholder survival guide is aimed at helping businesses legally bound to offer the new pension scheme, helping them educate employees about the need to make provision for their retirement.

The booklet explains the new obligations on firms to choose a stakeholder pension scheme and outlines the steps employers should take to comply with new rules which come into effect on October 8. The CBI says the booklet will help employers decide if stakeholder pensions affect them and how to prepare for their new obligations.

The guide explains what steps an employer needs to take when selecting a stakeholder pension scheme providers and pass on relevant information to employees.

CBI director general Digby Jones says: “Stakeholder pensions will provide many more people with access to good value pensions as a means to save for retirement and the CBI has successfully lobbied to minimise the burden of new rules to business. The guide sets out in clear and practical terms how to go about determining the effect stakeholder pensions will have on your business.” 


Pru advertises on interactive TV

Prudential is launching a dedicated pensions&#39 site on digital interactive television. Pensions First will be available from this week to half a million digital service subscribers and will give information on corporate pension, personal pensions, stakeholder and annuities.

Gartmore appoints UK retail head

Gartmore is appointing Vivien Gould as head of UK retail products, a position that takes over the strategy and accountability for Gartmore&#39s investment trust business, formerly covered by Michael Wrobel.Gould will also oversee the structure of Gartmore&#39s unit trust and investment trust product range.Gould had formerly been with Gartmore on a six month consultancy assignment. […]

Northern Rock comes together with flexible tracker

Northern Rock has introduced a flexible mortgage that tracks the Bank of England base rate for five years.The mortgage is part of the together range and is available for loans of up to 95 per cent of valuation. The interest rate is currently 6.89 and is guaranteed not to be more than 1.5 per cent […]

Rathbonee rallies around global stocks

Rathbone Unit Trust Management has introduced the Rathbone Global Companies Fund.This unit trust aims to provide investors with capital growth over the long term by investing in around 50 stocks. The fund will invest mainly in Europe and the UK, although the US will also make up a quarter of the portfolio.The fund will focus […]


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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