Financial Jargon Buster Dictionary
This glossary is provided for information only and is not regulated by the Financial Services Authority.
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Stakeholder Pension
Stakeholder pensions were introduced from 6 April 2001. The Government has laid down minimum standards to ensure that all Stakeholder pensions meet the same basic criteria for payments, costs and terms. For example:
Stakeholder Pensions cannot charge more than 1% a year of your fund value
Savers must be able to start stop, increase and reduce payments without penalty
The minimum payment is £20 a month
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