The Secretary of State for Work and Pension will have the authority to wind up the 'Personal Accounts Delivery Authority' if he considers it to be no longer necessary.
In the first Pensions Bill to be published since the May white paper and the Turner Commission report, the government reveals the Secretary of State can decide to wind up the authority “due to the abandonment or modification of relevant proposals on the personal accounts scheme it is no longer necessary or appropriate to have an authority”. To do this after 2008 the Secretary will have to lay a draft order before Parliament,“ as soon as reasonably practicable”, although it states an order can only be issued once a draft order has been laid before and approved by both Houses of Parliament....
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