ACL can assist you with your plans
to develop new products and services. For example,
setting up a stakeholder pension scheme (taking
account of the interlocking regulations of the
FSA, Opra, the DWP and the Inland Revenue). There
are various ways to enter the stakeholder market.
For example, asset managers may prefer not to
be stakeholder managers (product providers) themselves,
but opt to market their 'stakeholder funds' on
a wholesale basis to other stakeholder managers
(similar to a 'fund supermarket' arrangement).
A life assurance company may prefer to offer its
own stakeholder product on an 'open architecture'
basis, providing investors with access to a wide
range of funds available from many different asset
The stakeholder regulations restrict the annual
management charge (currently 1% per annum). Included
within the 1% are the costs of managing the assets
and administering the scheme. Stakeholder business
is therefore at the margins of profitability.
If you are investigating ways in which your business
might effectively enter the stakeholder market,
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