ABI to keep an eye on Govt over personal accounts

Maggie Craig, ABI director of life and savings, says any financial help from the state would represent unfair competition. However, Craig says the ABI is pleased with reassurances by Paul Myners, chair of the Personal Accounts Delivery Authority (PADA), that schemes will target low to middle earners. Pensions Minister Mike O’Brien last week pledged the Government would not be providing any financial help to personal accounts providers. But Maggie Craig warns the ABI will be keeping a close eye on all relevant legislation in the year leading up to the introduction of personal accounts in ...