Story by: Gemma Westacott, FTAdviser
Jeannie Drake has been appointed as the acting chair of the Personal Account Delivery Authority (Pada), replacing Paul Myners who has resigned to take up a role with the government.
The Association of British Insurers (ABI) has applauded the government's decision to impose contribution limits for personal accounts to ensure they do not damage the existing pensions market.
Industry experts express surprise at timing of O'Brien's departure
The closure of final salary schemes in the private sector has continued to slow, with just 3 per cent defined benefit (DB) schemes closing over the last year.
The Association of British Insurers (ABI) is calling on the government to bring forward auto enrolment into existing occupational pension schemes, in a bid to ensure more people benefit from saving into a pension in the long-run.
More must be done to instil a savings culture, says shadow secretary of state for work and pensions for Liberal Democrats
The government could be forced to increase state benefits in order to prevent some people losing out when they are auto-enrolled in pension schemes from 2012, Mike O'Brien has admitted.
Former Citibank man Simon Richards has been announced as business delivery director for the authority
Personal accounts could spiral in cost if the Scottish Parliament exercises its right to change the rate of tax north of the border, a legal expert has warned.
Its latest research shows one in five people are banking on being left money
Increasing reliance on money purchase pensions is bringing out their shortcomings, suggests John Chapman
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