IMA calls for personal accounts investment committee

It says the PADA should use the private sector’s expertise “in a competitive manner to deliver an efficient, low-cost, long-term savings vehicle for the target market". It calls for such a committee “at an arm’s length from the Government” to make investment decisions and appoint fund managers. A spokeswoman from the IMA says a committee would ensure the Government does not leave “itself open to trouble later on down the line if the wrong decisions are made”. The comment follows the Queen’s speech earlier today, which highlighted the introduction of personal accounts. The Association ...