Under severe scrutiny

I recently had an email from Personal Accounts Delivery Authority (PADA). It was a response to all participants in the consultation on retirement income options for personal accounts members, and had been sent to all those who submitted a response. AXA submitted a response because I think that PADA faces a significant challenge in providing a low cost solution to a sector of the market that is largely apathetic about its retirement choices. With many small annuitants being unable to obtain advice because the cost of advice cannot be supported by small plans, creating the route to the righ...