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NatWest Life issues warning over stakeholder


NatWest Life has expressed serious concerns over the Government&#39s stakeholder pension proposals.


The life office has identified four key issues, compulsion, advice, taxation and governance, which it says needs to be addressed otherwise stakeholder will run the risk of failure.


It says compulsion is needed because its research shows only one in 10 people intend to make contributions.


NatWest Life is also calling for the taxation regime for all pensions to be simplified and for the removal of the need for a trustee board.

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