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Villa in deal with HSBC

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&#39s 250 employees.

The agreement follows last week&#39s announcement by Legal & General that it is supplying stakeholder pensions to Villa&#39s 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&#39s appointment reflects the bank&#39s 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&#39s financial affairs.”


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