Pension choices

It's long been assumed that saving for a pension is essential if we're to enjoy a decent standard of living during our, hopefully, long retirement.

But there's a growing body of financial experts who believe that, for most people, there is currently little to recommend saving into a personal pension - specifically basic rate taxpayers - that's the 25 million people who currently earn less than £37,400 per year.

IFA James Brook explained the benefits of putting money into simple savings products that offer similar returns but fewer restrictions than pensions.

This item was first broadcast on Radio 4's Money Box on Saturday, 9 January, 2010