Providers could meet the level of charges specified by the Pensions Commission, but only if there is a clearing house acting as a go between.
Personal accounts will just be "another complicated tier of pensions provision", says Labour MP Frank Field.
There is a 'menu of possibilities lurking behind' the two proposed models for personal accounts, says a senior official from the Department for Work and Pensions.
The first Pensions Bill on state pension reforms could be delayed until the spring.
The pensions white paper risks being ‘too little, too late' says the Society of Pension Consultants.
Judging by the number of responses which have been coming out this week, the consultation on the pensions white paper must be one of the most popular held by the Department for Work and Pensions.
Paymaster, one of the hopefuls for administering personal accounts, says it favours the model put forward by Lord Turner because the overall potential return on investment will be around 9% higher than under the industry model.
Personal accounts might not introduced after all once Tony Blair leaves office, suggests the chief executive of the National Association of Pension Funds.
The idea of personal accounts are ‘ridiculous' when pension credit means 60% of people would not be safe in going into personal accounts, says Standard Life.
The government should provide modest subsidies for generic advice about personal accounts, says Aegon.