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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.
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| Related pages |
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| Register of stakeholder schemes |
| Guidance for employers |
| Scheme members and the Pensions Regulator |
| Related websites |
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| Financial Services Authority |