Making the choice

Mirror, mirror on the wall which is the fairest pension of them all? The existence of a single tax regime for defined contribution pension schemes means that from 6 April 2001 investors must choose between investing in a personal pension or a stakeholder pension scheme. As a single tax regime means that both products qualify for the same tax benefits, the only direct material difference between these products will be charges and investment opportunities. Although most coverage of stakeholder pensions has tried to convince IFAs that price is everything, the reality is that suitability will...