The government is under pressure from employers to dilute its pension reforms following claims that the scheme would prove an administrative headache for thousands of businesses, reports the Guardian .
The paper says employers want to prevent employees joining an occupational scheme for up to a year to keep down costs and avoid signing up short-term staff. The Federation of Small Businesses wants the delay to be up to six months. Ministers are studying options before publishing their response this year to the Turner report, which put forward a series of pension reforms. The government accepted that employees should be enrolled in a national pension savings scheme, with an opt-out, but it has yet to finalise how the scheme would work in practice. Ministers want staff to join the scheme w...
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