Tim Jones has hit back at industry fears about the potentially "unfettered power" of the personal accounts trustee board.
In an exclusive interview with Professional Pensions, the personal accounts delivery authority chief executive said the scheme would be run like every other trust-based occupational scheme.
Jones explained personal accounts would be bound by the same pension laws as all other occupational schemes and the view of the employers' and members' panels would be taken very seriously.
Jones' comments follow fears raised by consultant Bluefin about the "unfettered powers" of the trustee board. Law firm Lovells also raised concern about the potential costs and overall effectiveness of the panels.
He told PP: "Personal accounts and its trustees will be bound by the scheme order and rules. As a scheme it will be regulated by The Pensions Regulator, so there is no difference there.
"The views of the member and employer panels will be taken very seriously. It will be done in a very serious way."
Jones also predicted the scheme would rightly be under an "unprecedented level of public scrutiny".
However, he refused to be drawn on the future of personal account post the next general election.
He said PADA was not political and would abide by the rules set down for all government projects as the process of purdah kicks in. He explained the day-today work will continue but some of the major decisions cannot be taken by civil servants until the election result.
"It is simply the rules of the road. We are all systems go at the moment. We are just not political in that sense."
Jones also said while he holds regular meetings with members of opposition political parties it is not in his remit to discuss their future plans for personal accounts.
"What I can do is tell them what we are doing, and listen to what they have to say. They all have the natural concerns around operational delivery, this is a big programme. They continue to ask those questions, and it is quite right for them to do so," he added
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