personal accounts

Defined Contribution (DC) pensions could be killed off by the huge number of regulations governing the schemes, warns L&G Investment Management's head of DC strategy Ian Richards.

Some pension savers could be hit with penal tax charges due to auto-enrolment in Personal Account in 2012, according to First Actuarial.

The National Association of Pension Funds (NAPF) says retirement savings for low earners risk being undermined by the Pensions Bill.

The Association of British Insurers (ABI) and the Investment Management Association (IMA) have written to the Government asking for clarification on personal accounts limits in the Pensions Bill.

The proportion of UK workers concerned they will not be able to afford the 4% contribution to a personal account has risen, a study suggests.

The European Commission has confirmed that automatic enrolment into contract-based pension schemes - such as Group Personal Pensions - from 2012 is consistent with EU law.

Around ten million UK workers may not be able to get financial advice before being auto-enrolled into the Personal Accounts scheme in 2012, according to Scottish Life.

Six in ten trustees sitting on defined contribution (DC) pension fund boards think their members are unaware of how much their pension is worth, research suggests.

The Government must do more to tackle the problem of means-tested benefits in retirement as it prepares to introduce personal accounts in 2012, urges financial benefits provider B&CE.

At least 300,000 employees will lose their current pension scheme benefits in 2012 when personal accounts come into force, according to research by Fidelity International.