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Stakeholder on road to success, says IFA survey

Stakeholder is set for success, according to a recent survey carried out by Royal & Sun Alliance Life & Pensions.

The poll, conducted among IFAs at a Pension Show in London, found nearly two-thirds think stakeholder pensions will be a success, but the res earch also revealed there is room for improvement in the products.

The Government could improve stakeholder by offering tax incentives for employers, according to over 90 per cent of respondents. R&SA says the lack of incentives is holding back employers from taking up the product.

The research also highlighted continuing confidence in personal pensions with nearly 80 per cent of respondents saying the products will still be strong when April 2001 comes around.

R&SA says it is not surprised by the results of the research because it bel ieves that stakeholder will work in general and that its existence will increase the awareness of pensions to the general public.

Corporate promotions leader Andy Milburn says: “Stakeholder obviously has a place in the pension market from April 2001. That is why we have registered our stakeholder as early as possible. The industry obviously believes there is room for improvement, especially in the area of plan incentives.”

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