Businesses save £2.9bn in AE delay

In a consultation published today, the Department for Work and Pensions unveiled revised a revised timetable that will extend the implementation of auto-enrolment until February 2018. The move confirms that no employer with fewer than 50 workers will have a staging date before the next parliament in 2015. All employers will also benefit financially from a delay to the increase in minimum contribution rates from 1% to 2% until 1 October 2017. The department said these changes would save employers £2.9bn - with a £1.7bn saving just for small and micro employers. The revised progra...