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Stakeholder could leave employees worse off warns Punter Southall & Co


Consulting actuaries Punter Southall & Co have warned that stakeholder pension proposals could leave employees worse off in retirement.


The actuarial firm surveyed the UK&#39s top 200 companies to gauge their reaction to stakeholder proposals.


The survey found nearly 60 per cent of respondents would review their existing occupational pension scheme arrangements with a view to simplifying provision because of the threat of increased regulation.


Such moves to simplify schemes may include switching from defined benefit final salary schemes to defined contribution money purchase schemes, which would leave the employee bearing the investment risk.

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