One-in-five consumers reject personal accounts - AXA

The research, conducted by YouGov, concludes more than a third will actively opt out of the system, while 20% will stick with alternative retirement provisions. A further 10% say they would not be able to afford to commit the required amount out of their salary for the scheme. Meanwhile almost one-in-ten people have never heard of the term personal accounts and 6% think they refer to email accounts. Mike Morrison, head of pension development at AXA, has warned of the danger of the scheme moving savers from higher contribution occupational schemes: "If this turned out to be the cas...