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Virgin calls for catmarked personal pension

Virgin Direct have called on the Government to introduce a catmarked personal pension based on the catmarked Isa.


The bank is calling on the Government to introduce what it says are strict standards for personal pensions immediately.


Virgin Direct chief executive Rowan Gormley says: “The industry howled when Cat standards were first mooted for Isas, but now more providers are embracing them. No doubt benchmarks for personal pensions will be met with similar protests – only to be followed by the improvements needed to meet the standards.”

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