The introduction of New Labour's stakeholder pensions is exactly one year away.
The final countdown to the launch of the controversial pension project has
begun with the Government maintaining its hard-line stance on the 1 per
cent cap by making no provision for advice despite industry concerns about
Money Marketing begins its Surviving Stakeholder series to help IFAs cope
with the change in the year ahead of the biggest pension revolution to
This week features Standard Life Healthcare's new approach to pmi to make
up for the loss of business to stakeholder. The industry is also poised for
innovations in offshore products plus greater emphasis on term insurance
and long-term care. Money Marketing aims to highlight the opportunities for
advisers and to bring news of creative solutions.
Torquil Clark pensions development manager Thomas McPhail says: “There
will be a great deal of change in the pensions arena and the way business
is done which will continue as the impact of stakeholder takes hold.
Advisers will be looking to the likes of Money Marketing for guidance.”