Retirement

The Personal Accounts Delivery Authority (PADA) will work with a Consumer Representative Committee to advise the authority's main board on issues relating to consumers.

A SURVEY by Legal & General has revealed that nearly half of UK adults would choose to stay in personal accounts when they are introduced in 2012.

The UK can learn from New Zealand's pension system ahead of the personal accounts launch, says pensions administrator Xafinity Paymaster.

The Personal Accounts Delivery Authority (PADA) will ensure it does not present personal accounts as an opportunity for employers to reduce employee benefits, chairman Paul Myners says.

Pensions Minister Mike O'Brien has reiterated personal accounts will complement rather than replace existing pension provision.

Aegon has changed its annuities processes to allow IFAs to find instant online quotes from the Exchange or the Aegon website.

SIPP provider A J Bell has added commercial property investments to its SIPPcentre.

Consumers' faith in bricks and mortar to fund their retirement has grown dramatically over the past 12 months, according to research from Alliance Trust.

The launch of online SIPPs has attracted a generation of younger investors, according to SIPP provider James Hay.

Aegon has called on the pensions industry to take account of the distinctive operation of the corporate pensions market when responding to the Retail Distribution Review (RDR).