Tim Jones defends powers of personal accounts board

In an exclusive interview with Professional Pensions, the personal accounts delivery authority chief executive said the scheme would be run like every other trust-based occupational scheme. Jones explained personal accounts would be bound by the same pension laws as all other occupational schemes and the view of the employers' and members' panels would be taken very seriously. Jones' comments follow fears raised by consultant Bluefin about the "unfettered powers" of the trustee board. Law firm Lovells also raised concern about the potential costs and overall effectiveness of the panel...