Overwhelmed by all the pension jargon? Fear not, our pension glossary has you covered. All the important terms and acronyms explained right here.
What is a Stakeholder Pension?
Stakeholder pensions were designed for those who did not have a workplace pension. These money-purchase (or defined-contribution) pensions allow individuals and employers to make contributions and are portable between employers. There are caps on the charges that can be applied to stakeholder pensions.