PAB should include consumer panel - PPI

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The personal accounts board should include consumer representation in the form of a panel similar to those used by the Financial Services Authority, claims the Pensions Policy Institute.

In its report ‘What should be the roles and objectives of the Personal Accounts Delivery Authority and Board?’ the PPI says the research reveals some stakeholder feel consumer representation on the new Board will be ‘critical’. The government has outlined a three-stage process to the setting up of personal accounts which starts with an advisory delivery authority which is being established in the current Pensions Bill. However, as this Bill has almost passed through Parliament the PPI says it has focused its research on the later two stages of the process, which is an executive delivery...

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