Pensions minister warns of personal accounts teething problems

Speaking at the National Association of Pension Fund's seminar today - The 2012 Pensions Reforms: In Depth - Eagle says there would be some issues with the finer points of the implementation. But she urged the industry not to get bogged down with these small issues - and focus on the big picture of building a robust infrastructure, which could be subsequently improved. Eagle says: "We can't expect instantaneous results. We need to look at the medium to long term." She adds: "It is better to start with a good thing and then make the changes which will make the system more robust." ...