personal accounts

Any contribution cap on personal accounts would discourage people from saving for retirement, claims Which?

A simple solution to allow Group Personal Pensions to gain exemption from personal accounts without breaching the EU Distance Marketing Directive already exists in the industry, claims Aegon.

Scottish Life pensions guru Steve Bee has described the government's response to a petition calling for a reassessment of personal accounts as "disappointing".

The Association of British Insurers has attacked the way the government is tackling personal accounts, warning it could end up with a "compromised system" and "a full-scale assault on existing good pension provision".

James Purnell, Minister for Pensions Reform, has hinted the government's response to the personal accounts white paper will reject the idea of including any additional benefits or "bells and whistles" to the scheme, such as death benefits, or early drawdown....

Cross party consensus has been achieved on the principle of personal accounts, but discussions are still ongoing about the details of the new system, says George Osborne.

The Pensions Regulator has set out its priorities for the next three years in its Corporate Business Plan, which includes working with the government on the implementation of personal accounts.

Apathy about retirement is driving nearly two-thirds of workers to support auto-enrolment into pension schemes, claims new research from B&CE Benefit Schemes.

A piece of European legislation is posing a big headache for government and industry in working through the intricacies of pensions reform policy.

The Financial Services Consumer Panel is calling for a standardised approach to explaining risk to consumers, although advisers expressed scepticism over the practicality of the scheme.