Npss consensus hangs on details - Osborne

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Cross party consensus has been achieved on the principle of personal accounts, but discussions are still ongoing about the details of the new system, says George Osborne.

Speaking at the Association of British Insurers (ABI) conference: ‘Thinking for Tomorrow’, the Conservative Shadow Chancellor confirmed there is some consensus on key elements of pension reform – such as raising the state retirement age – which “is good”. But he points out while politicians agree people have to save more and have achieved cross party consensus on the principle of personal accounts, he says there are still issues with aspects such as the level of the contribution limit. He adds: “There are still plenty of details, and in many cases we are reflecting the concerns in Parli...

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