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5. STAKEHOLDER PENSIONS 5.1 Introduction Stakeholder pensions became available from 6th April 2001. Stakeholder pensions are basically money purchase arrangements, similar in many respects to personal pension arrangements. The Government's proposed aim is a pension arrangement that: is simple to understand with low charges, and reduces the need for financial advice. Schemes have to meet certain minimum standards to be granted stakeholder status. The minimum standards relate to eligibility, contributions, charges, benefits and transfers and are explained in more detail in later sections. As well as being offered by employers they can also be established by trade unions, trade associations, local chambers of commerce and pension providers

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