Personal accounts have recently undergone a rigorous consultation period, Andy Yates gives us an update
The Government has taken a number of steps to address the "pensions crisis" over recent years. Most recently, the Pensions Bill in November 2006 set out proposals for the reform of state pension provision. In December the Government published a White Paper setting out its proposals for a new scheme of "personal accounts", which it hopes will be up and running in 2012. A consultation period ran up to 20 March 2007, giving interested parties the opportunity to comment on the proposals. Key features The main features of personal accounts are: - Personal accounts will in effect be a lar...
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