Stakeholder pension

A flexible pension plan for people who don’t have access to employer-sponsored arrangements. You can, however, take out stakeholder pensions individually or through an employer.  Stakeholder pensions have certain conditions including limited charges, minimum contributions (with flexibility to pay more), and a default investment fund that your money is invested into if you don’t want to select your own.

See also: Annual Management Charge (AMC), Total Expense Ratio (TER), Automatic enrolment, Pension Tracing Service, Self invested personal pension (SIPP), Personal pension

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