Stakeholder versus personal pension

Stakeholder will need a lot more than low charges to succeed in the lucrative tax-planning market fo...

Stakeholder will need a lot more than low charges to succeed in the lucrative tax-planning market for wealthier clients. Like Cat-standard individual savings accounts (Isas), stakeholder only guarantees low prices, penalty-free entry and exit, and fair terms. They do not guarantee performance. For the experienced investor who takes out a personal pension on behalf of a child or non-earning spouse, the chief concern must be the plan's ability to maintain consistent performance over the long term. To achieve this, the client must have the facility to change the asset manager as well as th...