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ABI applauds government's concessionary move on stakeholder pensions

Following the publication of final regulations* on stakeholder pensions, the Association of British Insurers (ABI) has expressed relief that the government has decided to allow market value adjustments (MVAs) to be made to the value of stakeholder pensions.

As set out in the draft regulations, the new rules also mean that stakeholder pension providers will have to provide "lifestyling" by default, where individuals do not make their own investment decisions.