White Paper response inadequate

James Purnell, the minister of state for pensions reform, said in a speech last week that the government was committed to researching different delivery models for Personal Accounts and revealed a wide range of design criteria had been looked at. However, experts said vital points regarding means testing and other aspects had been missed out. Rachel Vahey, head of pensions development at AEGON, said: “We were pleased to see the responses have prompted the government to support employers by phasing in employer contributions, though there’s no evidence the same support will be available for...