Equal Opps Commission in personal accounts warning

Middle income earners will receive a better return from saving into personal accounts than under the current pensions system, the report says. However, some groups, such as women with small pension savings and without full state pensions, could lose out by saving into personal accounts. Their pension savings would reduce entitlements to the means tested benefits they could have claimed had they not saved. The research identified that being a low earner and having a broken working record could put people at risk of receiving a poor return from saving into personal accounts. Women are mor...