UK - The slowdown in stakeholder pensions sales has continued, according to figures from the Association of British Insurers.
In the first three months of this year sales were up 8% on the final quarter of 2002, but down by 22% on the same period last year.
Head of life and pensions Alan Woods said: “Stakeholder pensions are not getting to the people who need them most.
“About half were transfers from other pension plans, the rest were sold to wealthier people contributing £140 a month on average.”
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