NAPF: auto-enrolment delays are 'false economy'

Responding to a Department for Work and Pensions consultation on the revised timetable for implementing auto-enrolment, the trade body said it was essential there were no more changes. The new schedule, published in January, pushed back the staging dates for small and medium-sized employers and delayed an increase in the minimum employer contributions by a year. The NAPF said delaying staging and phasing dates benefited the Exchequer significantly, because cutting pension saving cut the amount of tax relief that ordinary workers received. But the response continued: "We believe it ...