Investment

The Personal Accounts Delivery Authority will need the help of the financial services industry to design the generic advice which is "crucial" for personal accounts, claims John Hutton.

INVESTMENT management company Smith & Williamson has launched its own SIPP.

Next week's Pension Bill will include the first step in setting up an independent Personal Accounts Delivery Authority , which will have a 'significant degree' of autonomy.

The first Pensions Bill which will contain the elements of state pension reform and the introduction of a delivery authority will be published next week.

Personal accounts are not a "silver bullet" and could do "lethal damage" to the pension and savings market, warns Alan Pickering.

A lack of communication about the funding status of defined benefit schemes could have the potential to lead to a "financial scandal".

SCOTTISH Life plans to significantly increase the investment options on its personal pension, bringing the product closer to a SIPP in terms of flexibility.

Codes of practice outlining the rules for Member Nominated Trustees and internal controls for pension schemes have come into effect from today.

One in four employers would consider levelling down their pension contributions when personal accounts are introduced, representing reduced provision for 2.4 million employees, according to a report by Deloitte.

The second pensions white paper on personal accounts is now expected to be released on 12 December.