Private client stockbroker Killik & Co. is offering its clients a stakeholder in conjunction with Scottish Widows.
Unlike most stakeholders, the product is not aimed at the Government's target market of low to middle-earners, but at more sophisticated investors who want to use the new pension as a tax-efficient way of passing on wealth to children and grandchildren.
The annual management charge on the product is 0.8 per cent with contributions capped at £234 a month.
It says when a single one-off contribution of just £2,808, the maximum sum for non-earners, is grossed up by the Inland Revenue to £3,600 and given 7 per cent growth the pension pot would have grown to £128,000 by the time the child is 60 years old.
Partner David McMaster says: “The stakeholder rules mean adults can maximise investments for children. Helping to protect financial security means christening and birthday presents can be put to good use.
“We have partnered with Scottish Widows who will administer the funds while our brokers will be on hand to guide investors through the process.”