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Stakeholder
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F& W Financial Solutions Limited
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What is a stakeholder pension?It's a new type of private pension to help people save for their retirement. It is a low cost alternative, available to a wide range of people. You can have a stakeholder plan if you are employed, self employed or even not working. The Government's aim is to encourage more people to save for their retirement. The Department of Work and Pensions (DWP) have estimated that by 2025 one in four people will retire on income support. By introducing stakeholder pensions, the Government are encouraging more people to make their own retirement provision. The Government is aiming for the majority of people in the UK to be offered access to a pension scheme at work. Many employers who do not currently offer their employees access to a pension scheme will have to. If you are an employer, you have obligations. Find out more. As an employee you can find out more about the benefits of stakeholder pensions and if they are right for you. |
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