personal accounts

A recent industry roundtable chaired by Retirement Planner's editor Helen Morrissey looked at the issues currently facing the retirement market and how the industry is meeting these challenges.

The potential loss of means-tested benefits for 5% of personal accounts savers is "unacceptable" but must not overshadow the positive aspects of auto-enrolment, B&CE Benefit Schemes says.

The Personal Accounts Delivery Authority is set to launch a myth busting programme to explain how the national pension saving scheme will work from 2012.

Aviva and Prudential are the most likely to gain from consolidation in the UK life assurance industry, according to Deutsche Bank.

The Personal Accounts Delivery Authority (PADA) spent £30.8m over the 12 months to the end of March.

The Conservative Party has confirmed it will not scrap personal accounts should it win next year's general election.

The industry must not expect "instantaneous results" with regards to the implementation of personal accounts, pensions minister Angela Eagle warns.

Life-long low earners should not join personal accounts or any pension scheme linked to the stock market, the Life Academy warns.

Auto-enrolment could lead to 200,000 job losses at smaller firms as labour costs will increase by around 2%, academic research predicts.

Reforms to boost pension coverage will only produce a "small" increase in retirement saving among lower earners, the Institute for Fiscal Studies claims.