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What exactly are stakeholder pensions?

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What exactly are stakeholder pensions?

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A. Stakeholder pensions are a new low cost way for your employees to save for their retirement. They are flexible, low-cost private pensions available from 6 April 2001. If your employees want to increase, reduce or stop their contributions they can. Stakeholder schemes do not charge if your employees decide to transfer to another scheme or stop paying into their current scheme.

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