NPSS could lead to scheme closures - ACA

The survey of 462 small firms, those with up to 250 employees, revealed 61% think the state pension reforms are too complex, and suggest the government needs to look again at a simple consolidated State pension, combining both the basic state pension and the state second pension (S2P). ACA says the findings underscore the deterioration in workplace pensions amongst smaller firms which employ 58% of the workforce and which produce over half of the UK’s business turnover. It points out this is the sector where auto-enrolment into existing schemes or a NPSS will be most severely tested, as...