Managers sceptical on personal accounts

An exclusive survey by Professional Pensions showed that 61% of scheme managers said it was unlikely the 2012 reforms to create a personal accounts system would go ahead in their current form. Some 23% said they would go ahead as they were and 16% were unsure. However, even some of those scheme managers who believed personal accounts would go ahead in their current form were not convinced they would be a success. One manager said: "I am highly sceptical about how successful this will prove to be. Isn't this just another Stakeholder flop waiting to happen ?" This comes after pension...