Few takers for pensions sold at post offices
A much-trumpeted initiative that saw the Post Office marketing stakeholder pensions throughout its branch network on behalf of Standard Life has spluttered to a halt, with just 2,000 sold in the past 15 months.
The figures show the life assurer sold an average of one pension for every nine branches of the Post Office’s 18,000-strong network.
Most sales took place in the weeks immediately after the launch of stakeholder pensions in April last year. It is understood that new sales throughout the entire UK post office network are now running at barely a dozen or so each week.
