The UK Government could make £3.86bn in a ‘windfall bonus' from stakeholder pension non-compliance, according to figures published by Legal & General.
The government will collect the windfall from all employers with five or more employees who do not offer access to a stakeholder pension by October 6 2001 - after which date Opra can fine offending...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
