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HSBC preferred stakeholder supplier to shops association

HSBC has been chosen by the British Shops and Stores Association as its preferred supplier of stakeholder pensions when they are launched next April.

BSSA has 3,200 members ranging from small family-run businesses to well known chain stores. They will now be able to offer HSBC&#39s stakeholder pension to 60,000 employees. HSBC will appoint a dedicated relationship manger to help members set up and run the scheme.

HSBC life, health and pensions head Harpal Karlcut says: “Competition for BSSA&#39s business was stiff and so we new we had to build a stakeholder package tailored specifically to their requirements.”

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