UK - Almost 70,000 new stakeholder pensions were bought in July, according to figures released by the Association of British Insurers (ABI).
This brings the total number of policies arranged since April’s launch to nearly 300,000.
A further 35,000 employers registered as providers during April, bringing the total number with designated schemes in place to nearly a quarter of a million.
ABI spokesman Malcolm Tarling said the Association expected a slow take-up for the first three months as stakeholder pensions would prove more popular among middle income earners, but expected this figure to increase over the next three months.
By Janet Du Chenne
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers