Select committee launches personal accounts inquiry

It says it is seeking written submissions from organisations and individuals following the government’s publication of the white paper: ‘Personal Accounts: a new way to save’ last week. The 138-page document set out how personal accounts will be taken forward, based mainly on Lord Turner’s National Pension Savings Scheme (Npss) model, but with the added functionality of extra choice for more sophisticated investors. However, the document was somewhat unclear on the subject of costs and charges, and how exactly it intends to minimise the levelling-down impact on existing occupational pen...