The Personal Accounts Delivery Authority (PADA) is a non-departmental public body and exists to deliver an occupational pension scheme designed to fill a gap in current pension provision.

This will enable low-to-moderate earners to save and have a retirement income that allows them to maintain their independence later in life.

Their role is to set up a national, trust-based pension scheme called ‘personal accounts' that will help millions of people on low and moderate incomes, who do not have access to a good-quality workplace pension, save for their retirement.

This new scheme will affect all SME business owners and suggests that a compulsory contribution will be made by each employer and employee into the ‘personal accounts' pension scheme.


PADA's four key strategic goals are to:

• establish an occupational pension scheme by 2012 which delivers the best possible scheme for its members at low cost
• set up a Trustee Corporation with an excellent governance framework, which attracts high calibre trustees, and manage a smooth and successful handover to the trustees
• deliver valued advice and support to our strategic delivery partners
• build PADA as an organisation that engenders confidence, and is an asset in launching the new scheme.

For more information and on this scheme and to find out what level of contribution SME's and their employees will need to make into the ‘personal accounts' scheme visit www.padeliveryauthority.org.uk/