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Financial Options pushing for a 1.5 per cent annual charge on Stakeholder

Financial Options Group is pushing for the proposed annual charge on Stakeholder pensions to be increased to 1.5 per cent from the present 1 per cent to allow for advice.


In its response to the Department of Social Security&#39s Stakeholder Pension paper &#39Minimum standards – The Government&#39s Proposals Consultation Brief No.1.&#34 the network argues the annual charge needs to be revised.


Financial Options says: &#34To ensure the consumer benefits from a quality product, with excellent investment return prospects, together with appropriate advice we believe the annual charge must be set no lower than 1.5 per cent per annum.&#34

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