personal accounts

Employers should be given the opportunity to opt-out of auto-enrolment if their current scheme has membership take-up equal to personal accounts, says Legal & General.

The government has an "overriding moral responsibility" to make sure personal accounts are suitable for everyone if it continues with the idea of auto-enrolment, says Legal & General.

Government should offer employers providing good existing pension schemes access to a £2bn incentive fund to stop schemes from levelling down, says the National Association of Pension Funds.

Lord Turner was either naïve or misleading when he suggested a charge of around 0.3% was possible on personal accounts as they cannot be delivered at a cost of less than 1% annual management charge, claims Standard Life.

John Hutton, Secretary of State for Work and Pensions has dismissed fears the private sector is not the "natural area of society or the economy" to run personal accounts.

The Secretary of State for Work and Pensions John Hutton has confirmed he has reconsidered the proposals to cap contributions in personal accounts at £5,000.

The Actuarial Profession is the latest organisation to point out the dangers of personal accounts being introduced into a pensions system which includes means-testing.

The cost of including good financial advice in personal accounts would be offset by an improvement in investment returns, claims Skandia.

The pensions industry has fabulous timing. Just when you think everything's slowing down and you can spend an extra 10 minutes trying to crack that sudoku puzzle, somebody somewhere manages to find something new to pick apart.

The Financial Services Authority's decision to keep the RU64 rule could actually lead to mis-selling rather than preventing it, ahead of the introduction of personal accounts, claims EveryInvestor.