A stakeholder pension is a special type of personal pension designed to be reasonably low cost (though the costs cap rose in 2005 to 1.5% a year).
You can have a stakeholder pension in addition to being in another workplace pension scheme, if you want to save more.
Any employer with more than five staff, who does not already have good pension arrangements, must offer a gateway to a stakeholder pension (i.e. they must allow employee contributions to be paid direct from payroll to a designated scheme).
You can get more details about stakeholder pensions:
