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Winterthur Life proposes stakeholder criteria for GPPs


Life office Winterthur proposes that the newly-permitted stakeholder GPP&#39s should meet a new set of criteria.


It says employer&#39s contributions should match employee contributions up to a defined limit, tax concessions should be linked to a cap on total charges and there should be minimum administration requirements.


The life office believes the GPP should adopt a structure similar to self-invested pension plan&#39s where the scheme is established under a master trust basis.


Director of sales and marketing John Moret says: &#34We would urge that consideration is given to our proposals for one tax regime for stakeholder based on the SIPP model which embraces the trust law based structure and governance.&#34

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