The Personal
Accounts Delivery Authority has today published information to
explain how the personal accounts scheme will fit into the pension
landscape from 2012, when the Government's workplace
pension reforms come into force.
Aimed at dispelling common misunderstandings and confusion around
the role of the scheme, PADA has published updated versions of its
Myth Buster and Key Facts documents on its website.
They are available to download from http://www.padeliveryauthority.org.uk/key-facts.asp
PADA is responsible for designing and introducing the
infrastructure for the new personal accounts pension scheme, which
will be handed over and run by a new trustee corporation.
The
personal accounts scheme is being created to provide a low-cost,
independent, workplace pension scheme that any employer can use.
It aims to provide access to workplace pension saving to millions
of people – typically those on low to middle incomes. Employers
will be able to choose to use the personal accounts scheme or
another qualifying workplace pension.
If you have any
questions about the role of personal accounts, please
don't hesitate to contact.
Statement
Contacts:
NDS Enquiries
ndsenquiries@coi.gsi.gov.uk
Stefanie Ives
Phone: 020 7940 8580
stefanie.ives@dwp.gsi.gov.uk
Heather Tilston
Phone: 020 7940 8582
heather.tilston@dwp.gsi.gov.uk
Nicola Hussey
Phone: 0207 940 8583
nicola.hussey@dwp.gsi.gov.uk