Stakeholder's past present and future

The stakeholder pension story began when Labour were still in opposition. They observed that personal pensions were not suitable for everyone. People who could only afford low or irregular contributions were not well served by the personal pension charging structures which were then prevalent. The concept of stakeholding was in vogue a few years ago. It was very New Labour to be inclusive, so that everyone should have a chance not only to participate but to have an input into the decision-making. Hence the concept of stakeholder pensions was born, not only as a low cost vehicle which would...