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Guidance for employers on stakeholder pensions

OUT-LAW News, 17/04/2002

A new guide was yesterday published by the UK Financial Services Authority (FSA) to assist employers who have set up or are setting up stakeholder or group personal pension schemes for their employees.

The Government requires employers who have five or more employees and who have not set up an occupational or group personal pension scheme to offer employees a stakeholder pension scheme.

The guide explains what employers can do to help their employees understand the pension scheme they are offering without needing to be authorised by the FSA or breaching the Financial Services and Markets Act 2000.

 

 

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