A Bill on personal accounts will not be available for pre-legislative scrutiny as it would delay the implementation by at least a year.
In its response to a report by the Work and Pensions Select Committee on pensions reform, the government says as it wants people to be able to contribute to personal accounts in 2012, Royal Assent to the Bill will have to be received by the summer of 2008. It says under the current timetable it will publish a white paper on personal accounts and a Regulatory Impact Assessment in the first week of December, which will be followed by a 12-week consultation period which will end in mid-March 2007. As a formal response won’t be available until early spring, it says it would be “inappropriat...
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