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Website sells stakeholder for children

Punter Southall Financial Management has designed a website for parents who want to start their children&#39s pension planning by setting up a stakeholder scheme.

The IFA arm of consulting actuary Punter Southall & Co claims that www.giftastakeholder.com (right) is the first site dedicated exclusively to setting up third-party stakeholder plans.

PSFM says that people visiting www.giftastakeholder.com can begin saving for their children and grandchildren from the moment they are born. It claims the website covers everything that a user needs to know about third-party stakeholder contributions, from general advice on pensions to ready-to-use application forms.

As an independent adviser, PSFM says it has trawled the market on behalf of its clients and identified Scottish Equitable as the most appropriate product for this type of stakeholder pension.

Consultant Richard Meek says: “There has been a significant take-up of our third-party stakeholder contribution scheme since its launch in June. Clients have been greatly attracted by the tax breaks on offer and the prospect of kickstarting a child&#39s retirement savings.

“The simple user-friendly layout of giftastakeholder.com is designed to make investing in this type of scheme much less complicated.”

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