Sections

The Pensions Regulator

About stakeholder pensions

About stakeholder pensions

About stakeholder pensionsAbout stakeholder pensions

Trust schemes and non-trust schemes

Stakeholder pension schemes can be set up under a trust (where a body of trustees is responsible for managing the scheme) or can be set up by deed poll. Where the scheme is set up by deed poll, the manager of the scheme (the "stakeholder manager") may enter into contracts with each member of the scheme or a person acting on their behalf. The stakeholder manager could be an insurance company, bank, building society and must be authorised by the Financial Services Authority (FSA) to carry out stakeholder business.