The Pensions Policy Institute has published a report into the new personal accounts pension system.
As the government is set to introduce personal accounts in 2012, consumers will need adequate information in order to make decisions about the new pension system, the body claims.
The new document, entitled Are Personal Accounts Suitable for All, seeks to consider the individuals for whom personal accounts may not be appropriate.
Niki Cleal, director at the Pensions Policy Institute, claims that those contributing to personal accounts could receive strong returns after reaching retirement.
However, Ms Cleal warns: "A combination of career breaks and low earnings can increase the risk of finding personal accounts unsuitable.
"People in their forties and fifties today may get less value than today's younger people from personal accounts."
Ms Cleal added that individuals who are self-employed or plan to rent a property after reaching retirement may find that personal accounts do not meet their needs.
Earlier this week, secretary of state for work and pensions John Hutton claimed that the new pension bill would "significantly improve" provision of the state pension.
Pensions Policy Institute examines personal accounts
Pensions Quote Line
0845 108 0505
Pensions Policy Institute examines personal accounts
Fri, 01 Dec 2006
Recommended links
Complete guide to pensionsPension planning
Retirement income
Compare today's pension providers
Pensions enquiry form
Pension reforms still leave shortfall, expert claims
Pension tips for baby boomers
Personal accounts improve pension saving, study shows
Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.
1998 - 2008 UK Pensions - Planning before, at the onset and during retirement.
| pensions news |
|---|
| Company pensions 'vital for retirement' - Tue, 26 Aug 2008 |
| Pensions fraud faces crackdown - Fri, 22 Aug 2008 |
| Low-paid workers 'may not benefit from personal accounts' - Thu, 21 Aug 2008 |
| More News |
Pensions Newsletter
Please enter your email below and subscribe to our monthly newsletter
Save on Your Mortgage
Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.
Protect Your Health
Find Critical illness, Life and Private Medical Insurance PMI policies.