A key advantage of the stakeholder pension is the low annual charge. With the IAP scheme this starts at just 0.75%. Better still, as the total paid into the scheme grows, this percentage will fall. As charges fall, each individual in the scheme benefits from the contributions made by all the other members.
Members who are interested in setting up an IAP stakeholder pension should call the IAP office. We will forward your name to HBOS with confirmation of your current IAP membership and someone from the company will contact you directly.