Personal Accounts will be a cornerstone of the pension reforms from 2012. Tim Jones, PADA, begins the countdown
As followers of the latest news in the pensions sphere, you may remember seeing that the Personal Accounts Delivery Authority (PADA) has recently launched its “Myth busting” campaign aimed at dispelling confusion around the role of the scheme currently known as Personal Accounts....
Millions of Britons could be spared from poverty and uncertainty in old age if modest changes were made to plans to introduce Personal Accounts, according to research by the Royal Society of Arts (RSA).
In its report, Pensions for the people: addressing the investment crisis in Britain, the RSA...
Lindsay Tomlinson, in his first column as NAPF chairman, speculates on what the future might hold for pensions provision
The next couple of years are going to be absolutely crucial for the way in which pension provision develops in the UK. The current pensions model is clearly unsustainable. After the general election, the incoming government will take decisions, consciously or unconsciously, which will shape the...
Allison Plager, financial journalist, on the adjustments DC schemes will have to make to cope with the changes ahead for pension provision
Who can doubt that defined contribution pension (DC) schemes are in the ascendant? Defined benefit (DB) schemes continue to close, especially to new members, as sponsoring companies and trustees struggle with funding and regulation, and instead employers are turning to DC schemes which divest...
Far too much energy has been expended on drawing up the hefty set of regulations for Personal Accounts says Robin Ellison, Pinsent Masons
Politicians are even less popular than journalists, lawyers or estate agents at the moment. Sometimes, they must ask themselves: “Why are we doing all this public service work and getting so little public appreciation for it?”
One reason may be that they are working too hard. In...
Political consensus on pension reform seems to have come to an end says Ceri Jones, financial journalist
The majority of consultants and industry insiders now believe Personal Accounts will fail to get off the ground, according to a straw poll of pensions consultants and other experts. Political consensus has evaporated in the last few weeks as Opposition parties voice concern they could carry the...
The name Personal Accounts has finally been ditched in favour of National Employment Savings Trust (NEST) – the new name of the national workplace pension scheme. NEST will launch in low volumes in 2011.
The Personal Accounts Delivery Authority (PADA) will wind up from 5 July 2010 with...
Now is a great time to update readers of Pensions World on the Personal Accounts Delivery Authority’s progress, explains Tim Jones, PADA
This year has already seen us hit a number of key milestones. With the announcement of the scheme brand, the laying of the scheme order and the appointment of Lawrence Churchill as chair designate of Nest Corporation, it has certainly been an exciting start to 2010.
To give you a quick reminder...
As 70% of pension schemes close, delegates at the NAPF Investment Conference were doing some serious talking. Stephanie Hawthorne, editor, reports from Edinburgh
Last March the UK economy was at the edge of a precipice as delegates attended the 2009 NAPF Investment Conference. Twelve months on, the stock market has risen over 50%, but despite this pensions remain in a parlous state. So it was in sombre mood that Ray Martin, chairman, NAPF investment...
Within a day of its formation, the LibDem Conservative coalition announced its pensions policy. It will restore the earnings link for the basic state pension from April 2011 with a “triple guarantee” that pensions are raised by the higher of earnings, prices or 2.5%.
It phases out...
