The Personal Investment Authority has issued guidance for advice on personal pensions in the run up to stakeholder pensions.
The regulatory update, to be issued on March 30, says advisers should continue to follow the twin principles of 'know your customer' and 'suitability'.
This means advisers should take full account of the clients circumstances before recommending a suitable product.
The PIA warns that a delay in starting contributions will have a detrimental effect on final provision, so it is therefore in a customers interest to make provision as soon as possible.
But it warns if no suitable product is available from today's range of products no recommendation should be made.