The Personal Accounts Delivery Authority (PADA) spent £30.8m over the 12 months to the end of March.
The delivery authority's first annual report revealed £13.1m went on staff costs and £17.7m was spent on setting up the personal accounts scheme, which will come into effect from 2012. PADA said it had a total of 163 people working across three sites in London, Leeds and Newcastle as at 31 March this year. It said it currently employed specialists with expertise in delivering large scale financial systems as well as people to support its interaction with stakeholders, suppliers and government. This is in addition to those involved in areas such as policy, legislation, strategy, pla...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
