Personal accounts already cost taxpayer £6m

O’Brien confirmed the Department for Work and Pensions (DWP) had spent £6,604,522 on personal accounts at the end of October last year. Answering a question in the House of Commons this week, O’Brien says: “The implementation of the personal accounts system has not yet started. Expenditure has been incurred by DWP on operational implications of the policy and legislation for the Government's proposed reform of non-state pensions, including the framework for the personal accounts scheme.” To comment on this story contact: Jennifer Bollen Reporter Tel: 020 7034 2679 E-mail: Jennifer.bollen...