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PADA predicts personal accounts assets will hit £200bn in 2040

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PADA consults on personal accounts annuity panel

The Personal Accounts Delivery Authority (PADA) may appoint a panel of insurers to provide annuity options to scheme members, it was announced today.

PADA considers personal accounts annuity panel

The Personal Accounts Delivery Authority (PADA) may appoint a panel of insurers to provide annuity options to scheme members, it was announced today.

Pada proposes annuity panel for personal accounts

The panel would prevent small pension pots being stranded, according to Pada, as providers would be obligated to offer an annuity to all members with savings worth more than the trivial commutation limit, currently £2,000.

Pada chief says personal accounts may use basic pay

Speaking at the TISA Retirement Savings Challenge Conference on board the HQS Wellington yesterday, Jones said: "Qualifying earnings need not be the only way personal accounts offers a product. We may well offer a basic pay product with some check against your adherance to minimum you have got to put in but there is nothing to stop us as a scheme offering a basic pay product."

IFAs vital to personal accounts, says delivery authority

The Personal Accounts Delivery Authority (Pada) will emphasise the importance of using IFAs to sceptical members of the scheme, it said today.

IFAs vital to personal accounts, says delivery authority

The Personal Accounts Delivery Authority (Pada) will emphasise the importance of using IFAs to sceptical members of the scheme, it said today.

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