A radical shake-up of UK pension rules, designed to make saving for retirement simpler, has come into force.
Pension saving will be simplified, experts say
As of 6 April, dubbed A-Day, people can be a member of a company pension scheme and also pay into a personal pension at the same time.
People will also be able to draw a pension and carry on working.
But market analyst firm Datamonitor has suggested that the A-Day changes will have little effect on boosting saving levels amongst the less well-off.
A-Day also sweeps aside the complex system which links the percentage of income people are allowed to save in a pension to their age.
In future, people can invest up to 100% of their earned income in any tax year - up to a ceiling of £215,000 - and receive tax relief at their highest marginal rate.
This should allow people to save substantial sums in their pension quickly.
Insurance companies and retirement experts hope that A-Day will lead to renewed interest in pension saving.
"A-Day will make it easier for people to engage with pensions," Tom McPhail, head of pensions research, at independent financial advice firm Hargreaves Lansdown, told BBC News.
"Too much of the time we have to tell people what they can't do, in future people will be free to do far more with pensions."
However, Datamonitor said its analysis suggested that A-Day would encourage wealthier people to boost their pension savings but that those on lower incomes are unlikely to be tempted.