Briefing Notes

Briefing Note 45 - Choosing a charging structure for personal accounts

The personal accounts delivery authority (PADA) is consulting on the most appropriate charging structure for personal accounts when they are introduced in 2012. The consultation paper sets out suggested criteria for judging alternative charging structures, and asks for views as to whether any other criteria should be used, and which criteria are the most important.

This Briefing Note highlights the types of charges being considered and the criteria used to evaluate them, and highlights the findings of previous PPI research that are relevant to the consultation. The research concludes that there is no single charging structure that meets all of the proposed criteria and that trade-offs will have to be made. 

This research was sponsored by AEGON, the Department for Work and Pensions (DWP), and Standard Life. The PPI is grateful to these organisations for their support in producing this work.