Pre-stakeholder launch

Abbey National has launched a pre-stakeholder product, which also allows customers to stop and start payments without restrictions or penalty. The Flexible Pension has no bid-offer spread or monthly administration fee, and has an annual management charge of 1% with an initial charge of between 2% and 5. Members will also be able to alter monthly contributions if their circumstances should change. There is no minimum investment, although the group does recommend a basic investment of £40 gross a month. The pension will be linked to a number of funds, giving members the choice between Unit...