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Statements

Subject Item
dbr:Stakeholder_pension_scheme
rdf:type
yago:PsychologicalFeature100023100 yago:Relation100031921 yago:Possession100032613 yago:Activity100407535 yago:Pension113384164 yago:Payment113278375 yago:WikicatPensionsInTheUnitedKingdom yago:Abstraction100002137 yago:Outgo113275288 yago:TransferredProperty113252973 yago:Cost113275847 yago:YagoPermanentlyLocatedEntity yago:Act100030358 yago:Work100575741 yago:Event100029378 yago:WikicatFinancialServices yago:RegularPayment113281275 yago:Service100577525
rdfs:label
Stakeholder pension scheme
rdfs:comment
Stakeholder pension schemes were introduced in the UK on 6 April 2001 as a consequence of the Welfare Reform and Pensions Act 1999. They were intended to encourage more long-term saving for retirement, particularly among those on low to moderate earnings. They are required to meet a number of conditions set out in legislation, including a cap on charges, low minimum contributions, and flexibility in relation to stopping and starting contributions. Employers with five or more employees are required to provide access to a stakeholder pension scheme for their employees unless they offer a suitable alternative pension scheme. The features of stakeholder pensions were intended to make them cheaper to sell than existing personal pensions and to provide a more transparent and attractive saving ve
dcterms:subject
dbc:Pensions_in_the_United_Kingdom
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dbo:wikiPageRevisionID
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dbo:wikiPageWikiLink
dbr:Personal_Accounts dbr:Pensions dbr:Personal_pension_scheme dbr:Welfare_Reform_Act dbr:United_Kingdom dbr:National_Employment_Savings_Trust dbc:Pensions_in_the_United_Kingdom
dbo:wikiPageExternalLink
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dbo:abstract
Stakeholder pension schemes were introduced in the UK on 6 April 2001 as a consequence of the Welfare Reform and Pensions Act 1999. They were intended to encourage more long-term saving for retirement, particularly among those on low to moderate earnings. They are required to meet a number of conditions set out in legislation, including a cap on charges, low minimum contributions, and flexibility in relation to stopping and starting contributions. Employers with five or more employees are required to provide access to a stakeholder pension scheme for their employees unless they offer a suitable alternative pension scheme. The features of stakeholder pensions were intended to make them cheaper to sell than existing personal pensions and to provide a more transparent and attractive saving vehicle. Although many stakeholder pensions have been taken out, they have largely not been successful in encouraging lower earners to save more. The government announced in May 2006 that it proposed to introduce a new pension scheme called Personal Accounts, and later renamed NEST prior to its introduction.
prov:wasDerivedFrom
wikipedia-en:Stakeholder_pension_scheme?oldid=1018737996&ns=0
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2885
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