Pensions Guide | Pensions Help Product Information | Pensions Guide Guide to Pensions

Everyone needs to plan ahead for retirement. The basic state Retirement Pension will give you a start, but you’ll need to build up a second pension to make sure you have the lifestyle you want in retirement. And the sooner you take one out, the better. This guide tells you about stakeholder pensions. It outlines the things you need to think about before joining a stakeholder pension scheme, and answers some of your questions.
Stakeholder pension schemes are low-charge pensions, meant for people who do not have access to an occupational pension or a good-value personal pension to save for their retirement.
You use your own money to build up your pension fund. Your stakeholder pension scheme will put your contributions into investments such as stocks and shares for you. When you retire, you will use your fund to buy a pension from a pension provider.