Pensions ball back in the employers court

Launching its strategy for pension reform today, Director general of the ABI, Stephen Haddrill, says a modest contribution of 3% by both employers and workers to a scheme, would see an overall pension saving increase of £4.2bn a year. The insurance industry body says as many as 4.6 million employees are not joining pension schemes offered by their employers, thus forfeiting employer contribution and tax benefits. Inclusive in its package for reform, the ABI calls for the implementation of a workplace advice credit, targeted mainly at small businesses, which it believes will enable firms...