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IFA eyes up optometrists as target stakeholder market

IFA firm AFPS has teamed up with Legal & General to offer a stakeholder-compliant pension to members of the Association of Optometrists.

The scheme will be aimed at the AoP&#39s 6,500 membership of self-employed and employed optometrists. It will also target employers.

The plan conforms to the Government&#39s stakeholder criteria, with a reducing annual charge depending on the size of the pension fund. For funds up to £15,000, the annual charge is 1 per cent, reducing to 0.8 per cent for between £15,000 and £30,000 and 0.6 per cent for funds over £30,000.

AoP members will be able to apply online and gain further information on the plan through the AoP website.

AoP head of member benefits Steven King says: “Our new pension scheme will give all members access to low-cost pensions while at the same time allowing employers in the profession to meet the legal responsibility placed on them as of October 2001 to provide staff access to a pension plan.”

AFPS divisional director Robert Tinsley says: “Professional advice is the key to the success of stakeholder pensions. That is why the partnership between AFPS, the AoP and L&G is a winning combination.”

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