personal accounts

The success of personal accounts depends on learning from the mistakes of stakeholder as almost 90% of advisers do not recommend stakeholder pensions, says Skandia.

The majority of employers are in favour of automatic enrolment into personal accounts, according to a report by the Department for Work and Pensions.

Tomorrow we should see the next phase of the government's plans to reform financial services in the interests of consumers, when the Queen delivers her annual Opening of State Parliament speech.

It's shaping up to be an autumn crammed full of government announcements on pensions reform, including personal accounts.

Generic advice is essential if personal accounts are to be successful, says the Resolution Foundation.

Concerns about the suitability of auto-enrolling certain people into personal accounts need to be taken into account by the government.

IFAonline is hosting special edition of IFAonlineTV next month which will see financial intermediaries discuss proposals for personal accounts with minister for pensions reform James Purnell.

The expense of introducing auto-enrolment on a national basis has put some European countries off from following the UK's example with personal accounts.

The minister for pensions reform has hit back at critics of the proposed personal accounts by suggesting claims of mis-selling are "scaremongering".

The future of pensions will not be about people voluntarily saving in what is "basically privatised welfare", says Steve Bee.