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It is now almost four and a half years since Adair Turner laid out the Pension Commission’s recommendations for a new policy direction for both State and private pensions.
Nine out of ten UK companies intend to seek professional advice on the impact of pension reform, according to the Personal Accounts Delivery Authority (PADA).
The National Employment Savings Trust - NEST - has been unveiled as the new brand name for Personal Accounts.
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Great-West Retirement Services (Europe) has withdrawn from the competitive dialogue process for personal account scheme administration services.
Nearly two-thirds of pension managers believe personal accounts will not go ahead in their current form.
The ‘Personal Accounts’ title will definitely be dropped before the introduction of the auto-enrolment scheme in 2012, according to PADA.
PADA expects to finalise its recommended investment approach by the summer of 2010.
Logica UK has pulled out of the running for the personal accounts administration contract, the Personal Accounts Delivery Authority confirms.
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