Definitions of stakeholder pension
(UK) UK) a type of pension plan for people who do not belong to a company pension scheme or who are self-employed
The minimum contribution to a stakeholder pension is just £20 a month.
Phrase Bank for stakeholder pension
I’ve got an L&G stakeholder pension with about £110k in it. I plan to top it up to about £190k this year. At the moment the stakeholder pension is entirely invested in the ‘L&G International Fund’ and looks to be charging about 1% per year.
In the case of a personal pension scheme, it explains why a personal pension scheme needs to be considered to be at least as suitable as a stakeholder pension scheme.
The amount you pay into your stakeholder pension can be as low as £20 a month, and you can pay monthly or weekly.
Benefits include a competitive salary, employee car ownership scheme, competitive stakeholder pension, private medical cover and 26 days holiday.
If you invest using a stakeholder pension, this is usually covered under the ‘long-term insurance’ FSCS coverage.
Of my three pension products, its my ex company pension, now a personal stakeholder pension which gives me the biggest dilemma.
The Company has no obligation to facilitate access to a stakeholder pension scheme under section 3 of the Welfare Reform and Pensions Act 1999.
… in respect of whom the UK Subsidiary has undertaken to contribute to a stakeholder pension plan.
Additional Notes for stakeholder pension
The stakeholder pension company invests the money a person saves and uses the fund on retirement to buy a pension from a pension provider.