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People on moderate incomes now find it easier and cheaper to save through our new "stakeholder" pension.
The new stakeholder product does not offer customers interest, and promises their cash will be invested in ethical companies.
The whole life sector has come under increasing pressure as poor stock market returns weaken solvency, and the new stakeholder pensions squeeze margins.
But Mr Brown's strategy looks increasingly in jeopardy as take-up of the new stakeholder pension, designed to extend the reach of private pensions, has been disappointing.
However, under the new stakeholder rules introduced last April, pension contributions can be calculated according to net relevant earnings made in any year, up to a maximum of six years ago.
The chief executive, Brian Shaw, said the company was dropping its traditional door-to-door business as a result of new stakeholder pensions and other low-margin basic financial products being advocated by the government.
Similar(42)
New stakeholders – including citizens, farmers and small businesses – are entering the system.
By spreading capital broadly among new stakeholders, the plan would also prevent a sliver of Iraq's elite from becoming a new kleptocracy.
That brought us in contact with many new stakeholders, including people from industry, house owners, insurance companies, nature conservation organisations, designers, engineers and municipalities.
Along with district and state education officials, the school and its new stakeholders established a governance committee to oversee daily operations.
In addition to conventional stakeholders, the new stakeholders in smart grid will probably include aggregators and prosumers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com