Wesleyan Financial Services is set to launch level allocation personal pension contracts in July this year.
The move is the life office's response to the Government's Green Paper on stakeholder pensions. It says the move will provide customers with fairer transfer values if they switch to stakeholder pensions in April 2001.
Wesleyan will also guarantee any personal or group personal pension plan issued since December 15 1998, the date the Green Paper was released. It will be accorded the same transfer values as the those issued under the new structure.