Stimulating saving

2007 will be a crucial year in the history of personal accounts. This is when we will nail the overriding objectives and scope for personal accounts and from that will fall the design of the scheme and responsibilities of the delivery authority. The bottom line is that we have to encourage more people in the target market to save more money. That means focusing on those low and moderate earning employees who don't have access to an employer's scheme. But what does that mean exactly? In December, the Government predicted that personal accounts could have between six and ten million membe...