Stakeholder pension

What is a Stakeholder Pension?

• The main benefits of a stakeholder pension is the low running costs. A stakeholder plan allows you the flexibility to stop, start or change your contributions, transfer your fund to another provider or change your retirement date between the ages of 50 (55 from 2010) and 75 without penalty.. 

• Stakeholder pensions have one type of charge, known as the Annual Management Charge (AMC). This charge is currently capped at 1.5% for the first 10 years (1% thereafter), making them a cost effective way to save for your retirement.