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Tories won't scrap personal accounts

16 July 2009

The Conservative Party has confirmed it will not scrap personal accounts should it win next year's general election.

Speaking at a recent National Association of Pension Fund seminar, pensions spokesman Nigel Waterson said he was working to persuade David Cameron of "the need of some continuity" on pensions.

Mr Waterson said the future system would need to be simple, accessible and easy to operate for the people who currently do not have access to a pension and they will need to find the best possible design for personal accounts.

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