Tories warn of 'false start' for personal accounts

The party's work and pensions spokesman Chris Grayling told delegates at the Association of British Insurers' Savings Conference, the immediate challenge for the industry was to make pension reform work and to get people saving again for the future. He said: "If the government does not address the means-testing problem now, there is going to be a huge problem when personal accounts are introduced in 2012. There is a real danger that personal accounts will not only not fly, but they will barely make it to the end of the runway." Grayling said if the government launched personal accounts ...