Balancing accounts

On 14 June, the Department for Work and Pensions published its response to the consultation on the December 2006 White Paper on personal accounts. The response fleshes out some more, but by no means all, of the outstanding details of personal accounts. However, there are only two significant decisions contained in this latest paper. Firstly, the limit on contributions to personal accounts will be £3,600 each year. This is higher than the Pensions Commission figure of £3,000, but lower than the £5,000 mentioned in December's White Paper. Secondly, the Government has rejected the possibil...