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Hotels and restaurants hardest hit by stakeholder says Pru

Hotels, restaurants and engineering companies are the most likely to be affected by the need to offer stakeholder pensions to their employees says a survey from the Prudential.

At the opposite end of the spectrum, transport, communications and construction companies will have the least amount of work to do in order to comply with Government regulations.

The Prudential report, conducted by Professor David Storey of the Warwick Business School, reveal 71 per cent of businesses with five or more employees do not currently offer a pension to their staff.

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