Sections

The Pensions Regulator

About stakeholder pensions

About stakeholder pensions

About stakeholder pensionsAbout stakeholder pensions

Financial Services Authority (FSA)

The FSA will regulate the marketing and promotion of all schemes including any occupational pension schemes that are set up as stakeholder pension schemes.

Financial advice on stakeholder pensions

Any extra charges for provision of advice on stakeholder pensions must be entirely optional. Any charge levied for advice over and above the 1.5% stakeholder charges limit must not be deducted from pension contributions and should be entirely separate from the scheme charging structure.

Financial advisers must keep to the rules laid down by the Financial Services Authority (FSA) and must state which organisation regulates their work.

The Pensions Regulator and the FSA will liaise closely, to ensure that stakeholder schemes are run according to the rules.