Personal accounts must not 'paralyse savings industry'

The comment comes in response to a statement from the FSA earlier this week, which warned advisers must continue to recommend saving to their clients before personal accounts are introduced in 2012. The FSA said: “There should be no question of delaying saving until 2012. Putting off saving would not be in the best interests of the individual.” Standard Life calls the statement a welcome clarification for advisers as it says IFAs have concerns about the implications of giving advice to clients before 2012. Andrew Tully, marketing technical manager at Standard Life, says: "The key to ach...