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Stakeholder awareness uneven across UK

Awareness of stakeholder among employers varies significantly throughout different parts of the UK, according to new findings published this week by Barclays Bank and Legal & General.

Whereas 94 per cent of all Scottish employers are aware of the introduction of stakeholder pensions, awareness is only 62 per cent among Welsh employers.

In particular, businesses in Greater London showed a surprisingly low awareness at 76 per cent.

L&G pensions strategy director Adrian Boulding says: “As an industry we need to work very hard up to 8 October to plug the awareness gap in various parts of the country and translate that awareness into action.”

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