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Scottish Widows calls for waiver to remain under stakeholder

Scottish Widows has called for waiver of contribution to remain an under the new contribution regime outlined in the Government&#39s Consultation Brief Number 6 on stakeholder pensions.


Waiver of contribution benefit currently allows personal pension policyholders to continue building their pension fund during prolonged bouts of illness or disability.


But the Government has brought into question the validity of such a policy under the new unified contribution pension regime.


Scottish Widows says the relatively low cost benefit provides customers with valuable protection.


Scottish Widows pensions strategy manager Ian Naismith says: &#34We believe the facility should be possible under the new regime although the cap on charges means it is unlikely to be marketed under basic stakeholder plans. It will remain an important feature for personal pensions which will offer greater flexibility than stakeholder &#34

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

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