The White Paper on personal accounts may be stoking up problems actually delivering sufficient supply of SEE funds at a price in line with government policy commitments to capping costs.
SEE is the government’s own acronym for Social, Environmental and Ethical investment in personal accounts. It is a key part of the funds choice element of the proposed personal accounts regime, as part of a three-pronged approach also including a default fund and a small number of bulk-bought funds. The ABI says through a spokesperson there is a danger of getting carried away with the details of what still remains a White Paper. While containing some interesting ideas, it does seem the case the government has essentially handed over responsibility for actually delivering on the details ...
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