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Sipp first for Stagecoach sharesavers

10 April 2008

The Stagecoach Group has replaced its stakeholder pension scheme with a group self-invested personal pension (Sipp) into which employees can transfer shares bought through their sharesave scheme.

Although other high-profile employers have introduced group Sipps as an option to help workers roll over shares in such a manner, the transport group is the first to do so as the default pension.

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