Stakeholder Pensions
Finance
Wizzard Offers Information & Advice on
Stakeholder Pensions. Is a Stakeholder Pension right
for you?
Stakeholder Pensions were introduced by the
Government in April 2001. A
Stakeholder Pension is essentially a new type of personal pension. The difference is
that a Stakeholder Pension has limits to how much they cost (ie their charges)
and they are much more flexible. In other words they
are much fairer to the consumer than the old style personal pensions.
Stakeholder Pensions came
about for a number of reasons, mainly the various pensions scandals
which exposed gross overcharging and the problem of people not saving
enough for their retirement.
However, take
up of the stakeholder pension has been well below expectations.
It seems that it has mainly benefited the rich by providing them with a
vehicle for playing with their money, for example as a way of saving for
their children's' futures.
There are a number of companies who
provide excellent information on Stakeholder Pensions & other valuable
Pension advice.
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