Changes to Equitable's stakeholder

Scottish Equitable is offering a stakeholder charging structure option across its individual and gro...

Scottish Equitable is offering a stakeholder charging structure option across its individual and group schemes and has launched a further low-cost pension. In line with regulations, the stakeholder plan has a maximum 1.5% annual management charge, reducing to 1% after 10 years. The group is maintaining its existing stakeholder plans, which are also subject to the 1% charge cap. The new charge shapes sit alongside Scottish Equitable's existing group and individual pension range, which includes a flat percentage charge structure and a no-commission structure for fee-based advisers. Unde...