Breaking down the stakeholder pension

The DSS conditions that will apply to stakeholder pension schemes can be broadly categorised into the following areas: charges, governance, investments, disclosure, registration, and winding-up provisions. The charge must not be more than 1/365% for each day on which the fund is held. Schemes are permitted to calculate the value of the fund on a daily, weekly or monthly basis. The value of a member's rights may be reduced by any expenses incurred by the trustees/manager in providing an annuity (or income, otherwise than by an annuity) for the member, and by any charges in respect of pensio...