Lincoln offers alternative to stakeholder

Lincoln Financial Group has launched a low cost alternative to stakeholder called Personal Pension D...

Lincoln Financial Group has launched a low cost alternative to stakeholder called Personal Pension Direct (PPD) with a management charge of 0.9% and 100% allocation rate. The product, which has no initial charge, and has a monthly £2 charge when no further contributions are to be made on a regular premium policy. PPD has a minimum monthly contribution for new customers of £50, and £30 for existing Lincoln customers. The minimum for single contributions is £2,000 and £300 for subsequent top ups. The product is linked to a range of external funds and these are divided up according to ...