Stakeholder Pensions
These pension plans were introduced in April 2001 for two main reasons.

a) To let you fully understand the charges incurred within a pension plan by being clear and up front. The only charge is an annual management charge and is guaranteed not to be greater than 1% of the value of the fund each year.

b) To be easily portable and with no transfer penalties so that as you move from employer to employer throughout your working life the pension policy can move and adapt to your requirements.

Personal Pensions
These type of plans have changed over the recent years in order to compete with Stakeholder Pension Plans. However the two main differences are

a) personal pension plans tend to give you a greater choice of investment funds to invest your contributions in which could suit your attitude to investment risk.

b) though many plans have competitive annual management charges and mirror the same charges as a stakeholder pension plan, these charges are not guaranteed.

If you would like to discuss your pension arrangements, please call Nick Wylie on 01942 234093 or email him at nick.wylie@alliedinsurance.co.uk. Alternatively you can complete our simple online form below and we shall contact you.

Please click here to view our Regulatory Information.