The following are links to articles and comment regarding the development of the national pension savings sceme (NPSS) or Personal Accounts within the UK. They are not the comments of PersonalAccountPensions.co.uk and we do not necessarily agree with or condone them.
PPI calls for clarity on personal accounts and benefits
ifaonline.co.uk - London,UK
By Jennifer Bollen The Government needs to conduct further research into whether people on benefits would benefit by auto-enrolling in personal accounts, ...
Myners admits new pensions could leave some worse off
Independent - London,England,UK
By James Daley, Personal Finance Editor Paul Myners, chairman of the Personal Accounts Delivery Authority (Pada), has conceded that the Government's plans ...
Personal Accounts pose threat to existing pension schemes
Banking Times - UK
According to investment firm, Fidelity International, the introduction of Personal Accounts in 2012 could mean that a large numbers of employees lose their ...
Has Darling missed an opportunity?
Scotsman - United Kingdom
But Rachel Vahey, head of pensions development at Aegon UK, said: "This just serves to create an uneven playing field between personal pensions and ...
9 in 10 do not trust UK inflation figures
Scotsman - United Kingdom
However, some financial advisers are concerned that launching the new account ahead of the Government's Personal Pension accounts could lead to confusion, ...
Budget: Occupational pension benefits available as lump sum
ifaonline.co.uk - London,UK
... on personal accounts and the role they will play in boosting pension saving. “It’s more likely small funds will build up under personal pensions as the ...
Savers keep pace with shifting tax goalposts
Financial Times - London,England,UK
Proposed personal accounts, expected to carry contribution top-ups by employers and government, may also herald a “culture of retirement saving”, ...
Pension reforms triple in cost
Banking Times - UK
The Personal Accounts Delivery Authority (PADA) is responsible for the development of Personal Accounts, the management of which will be handed over to a ...
B&CE warns of low personal accounts uptake
FT Adviser - London,UK
Mr Jory, who heads up the largest and most successful stakeholder scheme, said the personal accounts delivery authority needed to overcome the same hurdles ...
Personal accounts will cancel existing pensions - Fidelity
FT Adviser - London,UK
The introduction of personal accounts in 2012 will see at least 300000 UK employees deprived of their existing pension scheme benefits, ...
BUDGET WISH LIST: McPhail says £3600 limit must increase
Money Marketing - London,UK
He says as the personal account contribution limit will be around £5000 by the time it is introduced in 2012, so the two should be aligned. ...
EXCLUSIVE-Cost of government pension reforms rockets
Reuters - USA
The government's new "personal accounts" regime will cost an estimated 2 billion pounds to set up, a four-fold increase on an initial budget of 500 million ...
Pensions shake-up 'to hit 300000 workers'
Guardian - UK
The government is planning a system of personal accounts into which all employees aged between 22 and the state pension age who earn more than £5035 will be ...
Labour's bid to avert retirement crisis could mean end of top ...
Daily Mail - UK
Bosses are to be forced to pay into new Personal Accounts for employees who do not have a company scheme. It is feared this will encourage firms to close ...
Paul Myners admits some will lose out in personal accounts
Money Marketing - London,UK
Personal Accounts Delivery Authority chairman Paul Myners has admitted that some people with savings in personal accounts will be worse off when they retire ...
Why it can only get worse on pensions
This is Money - UK
Paul Myners, who as chairman of the Personal Accounts Delivery Authority has the task of implementing the new state second pension, told the National ...
AIFA calls for pensions budget
ifaonline.co.uk - London,UK
AIFA’s concerns include means-testing for pensions, employers levelling down pension contribution when personal accounts come into force and personal ...
Myners points to risks in pension scheme
Financial Times - London,England,UK
A main feature of the personal accounts system will be auto-enrolment, meaning that people who do not wish to participate will have to opt out. ...
Myners praises pensions reform
The Herald - Glasgow,Scotland,UK
The new "personal accounts" for pension saving at work will have "a powerful impact on people's lives", the chairman of the Personal Accounts Delivery ...
AIFA calls for the chancellor to be 'restrained' on pensions
Money News - Reading,UK
He noted that some people would be better off opting out of the personal accounts scheme because of the means-tested benefits systems, but said there is a ...
AIFA calls for a budget for pensions
Easier (press release) - Chester,UK
"We are concerned about the risk that good employer-sponsored pension schemes may "level down" to the minimum contribution requirements of Personal Accounts ...
Passive management to be 'at the heart' of Personal Accounts ...
Thomson Investment Management News (subscription) - London,UK
Head of the Pensions Commission Adair Turner, who had mooted the idea of the personal accounts scheme in November 2005, had said at the time the scheme ...
Single versus double - which leads to more trouble?
Money Marketing - London,UK
ABI spokesman Jon French says: “The charging structure must be transparent, and fair to customers of all pension schemes. But personal accounts must ...
Consumers favour single charge for personal accounts
Money Marketing - London,UK
Consumers would prefer a single charging structure for personal accounts according to research published by the Personal Accounts Delivery Authority today. ...
Personal accounts AMC ‘unfair’
ifaonline.co.uk - London,UK
This aroused suspicions of unfairness, and the perception that the pension pot would lose significant amounts by retirement. However, consumers see personal ...
Call for simple charging structures
Global Pensions - London,UK
by Elizabeth Pfeuti 4 March 2008 UK - Personal account charging structures should be simple, transparent and fair, according to research published by the ...
Liberal Democrats launch debt advice proposals
Liberal Democrats - London,UK
"The demand will be more acute in the years to come when Personal Accounts are introduced. People will need advice about the scheme or the Government will ...
Scale of pensions crisis is worse than originally feared – Policy ...
Online Recruitment - UK
There is next to nothing to encourage employers to provide generous pensions and personal accounts are a disaster waiting to happen because the ...
Personal accounts means-testing review
Employee Benefits - London,England,UK
... on the planned personal accounts. Many have criticised the plan to auto-enrol people into a national pensions savings scheme while means testing exists, ...
Private pensions take-up drops to one in four
Telegraph.co.uk - United Kingdom
Nick Hillman, the author of the report, said: "There is next to nothing to encourage employers to provide generous pensions and personal accounts are a ...
Advisers warn of a selling mismatch
Financial Times - London,England,UK
Pension choices are likely to become simpler with the launch of personal accounts in 2012. Personal accounts will allow employers to fund inexpensive, ...
Exemption test is a ‘cost time-bomb’ for UK employers
Easier (press release) - Chester,UK
This would result in both lower overall pension savings and an extension of the Savings Gap. Herbert concludes: “The original intention of Personal Accounts ...
Mass levelling down unless Govt changes qualifying test
Money Marketing - London,UK
Most existing employer schemes are based on basic pay but the Government wants the exemption test for personal accounts to be based on total band earnings. ...
Life offices in pension plea over exempt test
Money Marketing - London,UK
Leading life companies are urging the Government to change the qualifying test for pension personal account exemption to stop mass levelling down and ...
