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Stakeholder concerns raised

The National Association of Pension Funds.has raised fears over stakeholder plans not being allowing to run parallel alongside final salary schemes.


The NAPF is recommending parallel holding of occupational schemes alongide the stakeholder once it is launched in April 2001, claiming this would cut the level of advice needed when an employee with a stakeholder moves to one with a final salary scheme.


The Government has yet to decide whether to allow stakeholder pensions to be held in parallel with final salary schemes.


NAPF director general Ann Robinson says: “Parallel holding is absolutely fundamental to preserving the best of existing provision and making sure stakeholder pensions fly.”

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