Retirement

The ASP hoo-ha that developed following Ed Balls' comments in July at last seems to be dying down. Attention has now turned to the much more important topic of personal accounts.

Judging by the number of responses which have been coming out this week, the consultation on the pensions white paper must be one of the most popular held by the Department for Work and Pensions.

Paymaster, one of the hopefuls for administering personal accounts, says it favours the model put forward by Lord Turner because the overall potential return on investment will be around 9% higher than under the industry model.

Personal accounts might not introduced after all once Tony Blair leaves office, suggests the chief executive of the National Association of Pension Funds.

The pension white paper proposals will help ease the problems with the state pension system but it won't solve them, says the Pensions Policy Institute.

The industry has issued warnings about the risks involved in making personal accounts too complex and the danger of not addressing issues of suitability.

New parents should consider asking for a different kind of baby gift, and start a pension for their child, says Virgin Money.

The Pension Protection Fund is proposing limited changes to the way the levy is distributed between eligible schemes.

The National Association of Pension Funds has sided with the Pensions Commission on the best way to provide personal accounts.

The idea of personal accounts are ‘ridiculous' when pension credit means 60% of people would not be safe in going into personal accounts, says Standard Life.