AIFA challenges Govt personal accounts deadline

The IFA guide, 'Viewpoint: guide to pensions advice in the run up to pension’s reform’, also questions which organisations will run the scheme and what charges the scheme will require. Fay Goddard, deputy director general of AIFA, says five years to the personal accounts launch might seem a reasonable amount of time but there are a number of obstacles. These include political uncertainty and the Government's need to finish setting up the Personal Accounts Delivery Authority (PADA) and the scheme's legislation. She says: "It's a hugely complicated process. We have Paul Myners now going th...