This morning's papers focus on the Confederation of British Industry's response to the Turner report in which it argues forcing employers to contribute to pensions could put small companies out of business and lead to bigger ones cutting back their pension contributions.
The Financial Times reports the employers' group as saying small businesses are more likely to urge employees to opt out of the proposed National Pensions Savings Scheme (NPSS) if such employers had to contribute, even though they did not think they could afford it. John Cridland, the CBI's deputy-director general, said he hesitated to say that smaller employers would "manipulate" their staff to stay out of the savings scheme. But encouraging them not to join "would not be illegal". In its formal response to proposals from Lord Turner's Pensions Commission, the CBI said it backed a higher...
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