Government under pressure on pension reform - papers 31st August

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off later this month

Professional Adviser
clock 09 September 2025 • 1 min read
Webinar: IHT on pensions from April 2027 – what financial planners need to know

Webinar: IHT on pensions from April 2027 – what financial planners need to know

Sign up to join L&G, Octopus, Quilter and TIME on 24 September

Professional Adviser
clock 05 September 2025 • 1 min read
Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read