HSBC has signed up a deal with Premiership football side Aston Villa to supply its staff with stakeholder pensions.
The high-street bank will be offering its plan, which it claims was the first stakeholder launched by a bank, to Villa's 250 employees.
The agreement follows last week's announcement by Legal & General that it is supplying stakeholder pensions to Villa's premiership rivals Newcastle.
The move has sparked speculation that providers will scramble to be selected by Premiership clubs for their stakeholder needs.
HSBC head of life, health and pensions Harpal Karlcut says: “HSBC's appointment reflects the bank's determination to offer customers the best possible terms.”
Aston Villa finance director Mark Ansell says: “We believe HSBC offer the service and confidence that is required in dealing with a significant area in staff's financial affairs.”