Stan Life slams pension exemption role for PADA

It says the PADA's involvement would be a 'conflict of interest' as existing schemes would be in competition with the new personal accounts. The comments come following two recent speeches from PADA chairman Paul Myners in which he appears to set out the criteria for 'excellent' schemes to be exempt from the new regime. Speaking at last month’s NAPF conference, he says: "My own view is that this definition should include good standards of governance, an appropriate range of investment options, including a sensible default option, and low charges as well as the generosity of the employer...