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One year and counting to stakeholder

The introduction of New Labour&#39s 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


misbuying.


Money Marketing begins its Surviving Stakeholder series to help IFAs cope


with the change in the year ahead of the biggest pension revolution to


date.


This week features Standard Life Healthcare&#39s 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.”

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