Providers and FSA face April deadline

Providers and the FSA face a race against time to have individual pension accounts (IPAs) available from April 2001 after the Government announced it still plans to launch the wrapper alongside stakeholder. Economic Secretary Melanie Johnson announced on 11 December there would be no new regulatory burden on the pension and fund industries, allowing the industry to offer IPAs to savers from April 2001. Nigel Stammers, pensions strategy manager at Clerical Medical, said the Government is to bypass some of the normal legislative process in order to push IPAs through in time. He said: "They...