Do I opt for private pensions / stakeholder pensions?

Author	Message
Written on: 13.11.2009 [03:20]
Joseph Joseph Topic creator Posts: 4	I would like to do my kids a favour and give them a financial head start in life. Rather than invest 'til their 18 and can spend their savings on an old banger, I'd like to open pension plans for them. Who can suggest a good option? Private pensions / stakeholder pensions / pension funds?
Written on: 17.11.2009 [09:35]
Bean Bean Posts: 2	I would suggest a pension fund that is invested in the stock market. There's a lot of potential for growth, and a lot of investors are keen to get your business at the moment while things are 'dodgy' – they're more likely to offer you good deals. If you can get a chunk of cash in a pension fund that they can take over when they come of age, this is ideal. The longer the investment can run, the better! You may also want to consider tax free savings, like ISAs, to maximise returns...
Also very interesting: Can someone explain the Pension Protection Act lump sum debate to me? Where to get free and simple information regarding the pensions A day? Finding an easy to use pension-value calculator Dept of Works & Pensions access to bank details? Why have final salary pensions stopped? FSA Pension calculator query: what is the lump sum? Is it necessary to send medical forms to the pensions office? Possible to recontract back into Serps pension? What is a pension protection lump sum death benefit? Are companies able to raid companies’ pensions and steal from its employees?