Pension professionals, advisers, businesses and consumer groups have responded to a Work and Pensions Committee (WPC) inquiry into auto-enrolment and the National Employment Savings Trust.
Summarised here are the top five concerns highlighted by respondents to the inquiry. Staging dates and competition "Those employers who have early staging dates are disadvantaged compared to those with later ones, having to fund both direct and indirect costs. For any business that we bid for between November 2013 and 2016 we will be more expensive than our smaller competitors." Compass Group PLC, food service provider employing 90,000 UK people Transfers in "The cap on annual contributions and the blanket restriction on transfers in to NEST create disincentives for some e...
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