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GSK leads way in Sipp plan offering

By Elaine Moore

Published: January 26 2008 01:14 | Last updated: January 26 2008 01:14

GlaxoSmithKline has become the first FTSE 100 company to offer employees a group option for self invested personal pensions (Sipps) – a move likely to be followed by many other big blue-chips.

The pharmaceutical giant’s decision gives workers the chance to invest their pension pot in a wide variety of assets ranging from commercial property and overseas shares to more exotic classes such as listed hedge funds.

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