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Alternative stakeholder.

About 2 pages (563 words)

The Daily Mail (London, England), April 25th, 2001

Byline: JAMES HOPEGOOD

WHAT'S in a name? A very great deal if you are hunting for a low-cost stakeholder pension.

Introduced at the start of this month, stakeholder pensions are intended to be a low-cost and flexible way for people who do not already do so to start saving for their retirement.

One vital qualifier for a pension to be called stakeholder is that the total charge for running it cannot be more than 1 pc a year. The minimum monthly saving is [pound]20.

While a host of major pension companies, including Legal & General, Virgin Direct, Standard Life and the Pru, are offering sta...

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