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On-line signatures a welcome move


Legal & General has welcomed the Government&#39s initiative to allow stakeholder pensions to be sold online without the need for a paper-based signature.


The life office believes last week&#39s announcement by the DSS which plans to allow electronic pension applications fits exactly with its plans for stakeholder.


It believes a streamlined digital stakeholder pension offers an attractive proposition for personal and occupational pensions by allowing members to opt in and top up more easily.


Legal & General has devised an on-line application facility at LandG.com as part of its stakeholder drive.


L&G believes a simplified application process for the consumer and provider alike cost savings will allow cost savings to be made.


Legal & General pensions strategy director Adrian Boulding says the new measures will make stakeholder pensions attractive to employers without a current pension scheme.


He says: “We applaud the Government&#39s foresight for allowing electronic applications. This is a big step towards realising the Stakeholder society.”

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