Ritchie calls Pensions Commission danger

Ritchie claims increased compulsion on employers would mean the country would become less competitive, leaving the whole economy to suffer as, he argues, it has in Germany. He also warns that previously generous employers could then scale down their contributions to the compulsory level in order to save money. Ritchie suggests another option of channelling compulsory employee contributions through a State-operated clearing house would have its own problems, including systems problems, administrative chaos and avoidance. To tackle the pensions issue, Ritchie has come up with his own plan ...