Correspondence: Chris Curry, Pensions Policy Institute, King's College, 26 Drury Lane, 3rd Floor, Room 311, London WC2B 5RL, UK. E-mail: chris@pensionspolicyinstitute.org.uk

¹joined the Pensions Policy Institute (PPI) as Research Director in July 2002, from the Association of British Insurers where he had been Senior Economist. Before this, he was an economic adviser at the Department of Social Security (now the Department for Work and Pensions). At the PPI, he has overseen development of the PPI's unique pensions-modelling capability, and has authored and presented a number of research reports analysing pensions (both state and private), pension reform and personal accounts.

Received 19 September 2008; Revised 19 September 2008.

Abstract

This paper is based on a presentation given to the 2008 Pension Plan Financial Risk Conference in London on 30th April, 2008. More extensive details of the analysis of the issues surrounding the suitability of auto-enrolment into personal accounts can be found in PPI (2006) Are personal accounts suitable for all?, and more details of the analysis of levelling down in PPI (2007) Will personal accounts increase pension saving?, both available to download free of charge from www.pensionspolicyinstitute.org.uk