Auto-enrolment biggest burden on business under coalition

Government data reveals the shake-up to workplace pensions, which will bring up to 10m people into savings for the first time, will cost businesses £2.8bn by 2050. A report into the progress of the coalition's ‘one-in, one-out' rule on regulation said the bulk of the £3.2bn savings businesses received from the switch from CPI to RPI pension indexation had "now been offset" by auto-enrolment. It stated the reform is "the largest regulatory measure to date" since the coalition came to power in June 2010. Minister of state for business and enterprise Mark Prisk said savings for busine...