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Stakeholder survey shows gender gap

Men are considerably more aware of the introduction of stakeholder

pensions than women, according to research by Barclays and Legal & General.

The life office, which recently agreed a deal with the bank to provide its

pensions products have found that more than half of men have heard of

stakeholder pensions compared with just 41 per cent of women.

But according to the survey it is not only gender which determines

stakeholder awareness. Factors including whether someone is employed

full-time or has access to the internet, are having a impact on the level

of public knowledge. Sixty-one per cent of those in full-time work are

aware of stakeholder while just 44 per cent of those working part-time have

heard of the Government&#39s scheme.

Among those with internet access, more than 60 per cent of respondents

know of stakeholder but just 39 per cent of those without web access knew

of its introduction.

The banks believe there is a direct relationship between the people least

aware of stakeholder and those most likely to need one. The research found

over 90 per cent of employers with at least five staff having an awareness

of stakeholder, but the banks claim the individuals least aware are likely

work for a firm which has a statutory obligation to offer one.

Barclays Investment Management marketing director Paul Riley says: “Our

research clearly shows that as an industry we still need to get the message

across that people need to save for their future.”


Independent view – Tony Byrne

“…As judge and jury, I find you, IFA, guilty until proveninnocent…” This could easily be the summing up of a PIA ombudsman in acomplaint against an IFA these days. Newspaper comment might go something like this: “The commission-hungrysalesman took advantage of the hapless misselling victim” and so on. How tired are you hardworking, decent, honest […]

Scarborough flex goes redemption free

Scarborough Building Society has introduced the flexible lifetime discount mortgage.This mortgage is available for loans up to 95 per cent of valuation and a maximum of £250,000. It has a 1.4 per cent discount for the life of the loan which gives a current payable rate of 5.59 per cent. There is no arrangement fee […]

Sway is set to expand despite defections

Sway is looking to move into the generalist IFA conference arena with anannual summit to rival Pims. It also plans to expand its Senate programme to two investment conferencesa year in Monte Carlo in the summer and Malta in the winter. The news follows last week&#39s decision by Aberdeen, M&G, Invesco Perpetual,Schroders and SG Asset […]

Schroders goes north

Stevens says: “They offer a managed volatility approach which may be just as well at this time. I hope this does not restrict performance too much.”Hooper says that the strategy seems to have been well thought out and researched.Moving on to the disadvantages of the fund, Darlington says: “This is a new fund in a […]


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