Information about Personal Pension Accounts
The term personal pension accounts may be used to refer to automatic pension enrolment, a government policy to encourage saving for retirement. Auto-enrolment in a pension scheme for eligible employees will be launched in 2012.
The pension scheme previously known as personal accounts will be run by the National Employment Savings Trust (NEST).
Personal pension accounts may also be used to refer to a personal pension plan or a cash account in a personal pension.
Personal pensions include Self Invested Personal Pensions (SIPPs) and stakeholder pensions.