Personal accounts 'more than industry vs Npss' - DWP

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There is a 'menu of possibilities lurking behind' the two proposed models for personal accounts, says a senior official from the Department for Work and Pensions.

Speaking at the National Association of Pension Funds (NAPF) Autumn Conference: 'The New DC World', Phil Wynn Owen, director general of strategy at pensions at the DWP, says the consultation process which closed last week has brought up a number of interesting ideas. So far the DWP has received 325 responses on paper and an additional 371 emails to the department on the design and implementation of the personal accounts system, with 213 written submissions from members of the public. Wynn Owen says broadly the responses analysed so far fall into two “families”, those which support the N...

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