Employers cannot afford compulsory pensions

A survey from the British Chambers of Commerce (BCC), questioning 800 businesses, 75% of which employ fewer than 50 employees, finds 35% of employers would ‘freeze salary increases’ to pay for compulsory contributions, while three out of ten respondents would pass the cost onto customers. BCC's research finds 57% of employers do not provide pension contribution facilities for their workers, due to cost issues. Most of those not providing pensions are in the group of businesses with fewere than 50 employees. Just over half of all employers questioned say an additional government incenti...