Financial Times FT.com

Watchdog urges pension rules reform for low earners

By Nicholas Timmins,Public Policy Editor

Published: June 11 2007 03:00 | Last updated: June 11 2007 03:00

Changes to the treatment of small pension pots, and to how much money people can keep and still receive means-tested pensions from the state, are needed if the lowest earners are to be able to save safely in the government's planned personal accounts.

That is the conclusion ofa study undertaken bythe Equal Opportunities Commission which saysthat too many low to middle earners could lose outfinancially when the new pension accounts come in from 2012.

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