Blair's departure may spoil the Npss party

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Personal accounts might not introduced after all once Tony Blair leaves office, suggests the chief executive of the National Association of Pension Funds.

Speaking at a debate hosted by think tank Tomorrow’s Company on ‘How we should save for tomorrow?’ Christine Farnish says the whole process is going far too fast and the government needs to slow down. She points out proposals for personal accounts and the changes to the state pension system have only been debated since 30 November 2005, which is just over nine months, so she suggests the government is "steaming" towards a detailed white paper on personal accounts and legislation on state reform. Farnish, who is scheduled to leave NAPF in just over two weeks to move to Barclays, says she...

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