UK - The Personal Accounts Delivery Authority (PADA) has launched a consultation on the charging structure of personal accounts.
The ways charges could be deducted have been set out in a discussion paper and include an annual management charge, contribution charge, joining charge or a combination of charges. The paper does not look at a flat fee charging structure.
Jones said: "It is important that personal accounts charges are proportionate, clear and fair. There is no silver bullet. No single charging structure or combination of offers a perfect solution."
Jones said charging levels depended on the final design and would not be known for some time.
PADA is seeking views from stakeholders and the general public between now and 22 April 2008, before it makes recommendations to the Secretary of State.
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