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Firms offer charity stakeholder plan

A stakeholder-friendly pension scheme designed for the not-for-profit

sector is being offered by KBL Investment Funds, Liberty Pensions and B&S

Financial Management.

The Equilo scheme will be administered by Liberty. Fund management will be

carried out by KBL and the scheme will be sold through B&S Financial

Management, a fee-based IFA which has nationwide offices.

Liberty says the scheme has been designed with the charity and housing

association sectors in mind and may be sold through other fee-charging

IFAs.

Maximum annual charge is 1 per cent. Minimum contribution is £20 a month.

Equilo offers active management of clients&#39 funds and aims to be

completely flexible and transparent.

Employers looking to be exempt from stakeholder by offering a compliant

group personal pension with a minimum 3 per cent employer contribution and

no exit penalties can take this option through the scheme if they prefer.

Head of sales and marketing Robert Noach says: “We could consider allowing

other IFAs to offer Equilo if the demand was there. We are hoping to offer

a partnership which will deliver good value and tailored solutions to the

not-for-profit sector.”

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