Virgin Direct is calling on the Government to introduce voluntary benchmarks for stakeholder pensions, claiming there is no excuse for any delay.
The move is Virgin's in response to Government's latest consultation paper on stakeholder pensions.
In its reply to the paper, Virgin welcomes the Government's decision of 'sticking to its guns' over the 1 per cent annual management charge on stakeholder pensions.
But it has called for it to now introduce these standards on all personal pension plans.
Virgin says the time is now right, because we now know what the standards are going to be.