Stakeholder pensions date back to 2001. Back then companies with more than five employees had to offer some sort of pension scheme. Employers didn’t have to pay into them but stakeholder pensions were easy to set up so became a popular choice. But, in the recent pension shake-up, auto-enrolment schemes replaced stakeholder pensions schemes from 2012 because employers have to pay into them.

The main things about these pensions were the minimum standards set by the government. Mainly:

1) Low minimum contributions

If you were setting up a personal pension from scratch you were often asked to contribute £200 or more. Stakeholder pensions would take small contributions from £20 a month. This made them ideal for low and middle income earners.

2) Set management charges

The management fees for stakeholder pensions are set at 1% -1.5% per annum for the first 10 years

But, if you joined one of these schemes, you should consider…

Switching your stakeholder pension

When we review pensions we typically look for the lowest management fees and the best choice of fund/s.

While 1.5% sounds low, in about 7/10 cases we can reduce management fees even lower (0.74% is our lowest charge available). If your contributions are small, it’s even more important that as much of your contribution is going into your pension pot. Not being eaten up with management feeds.

We also find a lot of people with stakeholder pensions haven’t reviewed them since they took them out. For this reason, they may not necessarily be in the right fund for them.

We’re impartial. So when we review your pension funds we can choose from all the deals available across the industry. Once we’ve reviewed your pension, and your needs, we give completely impartial FCA regulated advice.

If you’ve got a stakeholder pension scheme – or want to track one down from a previous job – then give us a call on 01772977162. It’s completely no obligation. And there’s no obligation to change if you’re happy with what you’ve got.

We find you the best value pension

Our Pension Professionals track down all your pensions (including lost or missing ones), do a whole market comparison and then talk you through options. At the end of the 40 minute phone call, you can decide on your course of action, with no further obligation to Profile. If you choose to act and switch pension provider, we can take care of everything for you. We promise that there will be no pressure on you to switch.

Read More

Over 11,000 customers have switched £470m of pension savings with us


Design Engineer, likes the outdoors and lives in Darlington.

The advisers are very knowledgeable and if you have questions they are unable to answer at the 
time they always come back in a short space of time. 
I would recommend Profile to anyone thinking of taking out a pension review.


Sonia lives with her husband and stepchildren in Buckinghamshire.

I was particularly impressed with how Profile fed back to me throughout. I have to say I was very happy with their service and how my adviser explained everything in a very straightforward way. He also didn’t put me under any pressure to make changes, so I felt comfortable and confident about trusting his recommendations when it came to transferring my pension.


A milkman from Barham, Suffolk.

Profile advised that I should switch my pension to LV because it had better long-term prospects. I decided to take their advice and move my pension and I’m glad that I did! Profits have climbed nicely since it was opened just a year ago. I’m very pleased!


An IT professional from London

The adviser gave me some of the information that I already knew and he supplemented that with current information about my pension performance, how that compared to the market, what the fees were and other plans and providers and what returns they were getting. I imagined that I’d be given a lot of facts of information, which I was, but in manageable chunks over the course of the call.


Davy works for the Prison Service and lives in Ayrshire.

The yearly updates that I receive from Profile are excellent and understandable. The decision to transfer my pensions via Profile was one of the best decisions that I have made and I wish I had taken the steps years ago.

Our customer reviews

Profile in the press