John Hutton, Secretary of State for Work and Pensions has dismissed fears the private sector is not the "natural area of society or the economy" to run personal accounts.
Answering questions in the House of Commons yesterday Hutton says the government wants a “value for money solution” adding in his view the private sector has "the expertise and experience" to deliver this along with a good service to consumers. The government has included in the current Pensions Bill legislation to establish a Personal Accounts Delivery Authority (PADA) which will get the new system up and running, although its initial role will be simply to advise the government. However David Taylor, the joint Labour and Co-operative MP for North West Leicestershire, says while the id...
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