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Paul Cox, lecturer in Finance at the Business School and more recently seconded as an adviser to the Personal Accounts Delivery Authority (PADA), has been involved in the recent publication of a discussion paper to support the investment strategy of the new pension scheme, aimed at those on low to moderate incomes.

Working within the Investment Strand, Paul was one of the contributing authors of: Building personal accounts: designing an investment approach, which was published on 7 May.

PADA is inviting responses from the investment industry, pension scheme providers, consumer groups, employers, financial advisors, existing trustees and other interested parties.

PADA was established by the Government following the Pensions Act 2007. Its initial remit was to advise Government on the establishment of the personal accounts scheme, a national occupational pension scheme being established as part of the government’s workplace pension reforms.

From 2012 employers will have to automatically enrol their workers into a qualifying pension scheme and make a contribution to their workers’ pensions. Following Royal Assent of the Pensions Act 2008, PADA has moved into its delivery phase, overseeing the implementation of the scheme.

The personal accounts scheme will be one of the qualifying pension schemes employers can use and will complement existing private pension provision. It is expected to have millions of members and be used by up to a million employers to fulfill their automatic enrolment duty.

To view the discussion document please go to

Date: 16 May 2009

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