Personal Accounts charging splits industry-PADA

PADA received over 40 responses to the consultation from industry bodies, pension scheme providers, consumer groups, employer groups and interested employers. It will use these responses to shape its recommendations to the DWP on the charging structure for personal accounts later this year. Commenting on the findings, PADA says respondents in favour of an AMC-only structure saw it as simple and transparent, which they felt would encourage participants. Those who backed AMC plus contribution argued it would be the most sustainable option, with the flexibility to deal with a range of busi...