Schroders joins stakeholder race
UK – The investment group Schroders, with £140bn (e220bn) of assets under management, is offering an institutional stakeholder pension scheme, as part of its defined contribution (DC) services.
Schroders is aiming its stakeholder schemes at medium-sized to large companies that want to add the option to their pensions strategy. “Our stakeholder offering is designed specifically for the UK institutional market place. It is important that we can meet the full range of DC needs for our existing and new corporate clients,” says David Salisbury, chief executive of Schroders.
Clients will be able to select the standard stakeholder pension scheme or to tailor a plan to suit their needs. The clients, with the assistance of their consultants will be able to work with Schroders to link new schemes to their other DC plans.
There are currently 25 full stakeholder pension schemes registered by the UK Occupational Pensions Regulatory Authority (Opra) in both Great Britain and Northern Ireland.