'Personal Accounts' tag will not last beyond 2012

Helen Dean, policy and product development director for the Personal Accounts Delivery Authority, also denied there had been delays to the scheme's implementation. Speaking to delegates at last week's Professional Pensions shows, Dean said: "We are on track to launch the scheme early in 2011 [for certain employers on a voluntary basis]. We are not late and we are not procrastinating." Dean made it clear the minimum levels of saving under the auto-enrolment regulations should be a jumping-off point for retirement saving. She said: "The Pension Commission was always very clear in sta...