personal accounts

Scottish Widows says the Government must ensure it makes exemption rules for existing pension schemes clear and simple to operate.

Standard Life has slammed today's Pensions Bill which says the Personal Accounts Delivery Authority (PADA) would help and advise the Secretary of State for causing "conflicts of interest".

The Government has backed defined benefit (DB) schemes in today's Pensions Bill saying it wants the schemes to continue.

The Association of Independent Financial Advisers (AIFA) has used a pensions advice guide to question if the Government can achieve its 2012 personal accounts launch date.

Tomorrow's pensions bill could highlight potential stumbling blocks for the Personal Accounts Delivery Authority (PADA), says Aegon.

Group personal pension (GPP) members could see five years of saving wiped off their pension if employers level down when the Government introduces personal accounts, says Aegon.

Personal accounts could attract as few as four million savers out of a potential 11 million, according to a report by the Pensions Policy Institute (PPI).

The introduction of personal accounts must not "paralyse" the savings industry, says Standard Life.

The Government must cut the regulatory burden on pensions as well as introducing personal accounts if pensions reform is to be successful, according to the National Association of Pension Funds (NAPF).

Aegon has called on the Personal Accounts Delivery Authority (PADA) to make it clear to potential personal account customers that charges may have to rise in future.