Pensions Minister Mike O'Brien has reiterated personal accounts will complement rather than replace existing pension provision.
Standard Life predicts setting up its personal accounts services could require up to 4,000 extra staff, as concerns mount providers will not be able to meet the escalating costs of the new pension system.
The Government will launch an advice website for consumers following the open market option (OMO) review.
Fears providers will be reluctant to get involved in personal accounts were dismissed by pensions minister Mike O'Brien today, despite confirming the Government will not provide any start-up funding.
Standard Life has called on the Government to confirm IFAs can ignore the FSA's conduct of business rules and their clients' circumstances when making pension recommendations.