Personal Accounts

Minor amendments to personal accounts scheme order and rules will be made as a result an industry consultation but no major changes will take place, PADA says.

Early auto-enrolment could increase pension pots by as much as 15% and help employers, industry figures say.

Political consensus around personal accounts is losing cohesion, pensions minister Angela Eagle admits.

Danish pension fund and administration provider ATP has pulled out of the running for the personal accounts administration contract, PADA has confirmed.

UK - A Conservative government will investigate early auto-enrolment proposals "as a priority," shadow secretary of state for work and pensions Theresa May said.

A Conservative government will investigate early auto-enrolment proposals "as a priority," Theresa May says.

Pensions minister Angela Eagle believes the industry criticises personal accounts too much.

There will be an ongoing process of automatic re-enrolment into personal accounts, pensions minister Angela Eagle says.

Personal accounts are a "scandal waiting to happen" should the government not reassess the means testing regime, Friends Provident chief executive Trevor Matthews says.

The government will fail to protect millions of Britons from poverty in old age unless it makes vital changes to the way in which it plans to introduce personal accounts, a Royal Society for the Encouragement of Arts, Manufactures and Commerce report...