Stakeholder pensions are to take the personal pension market by storm, sweeping all before them according to research by KPMG Consulting.
KPMG conducted extensive research and used a specifically designed market model to make some shattering predictions.
The research and modelling suggests there is likely to be a 40 per cent reduction in the sales of new regular premium personal pension plans.
It also predicts more than 60 per cent of existing regular premium PPPs could benefit from switching to a stakeholder scheme
The financial consultants forecast a dramatic future lies ahead as the industry seeks to accommodate the needs of customers, regulators, government and providers.