Employers to level-down schemes ahead of auto-enrolment

According to the study, 41% of employers are ‘likely' or ‘highly likely' to level-down pension benefits in order to meet the cost of additional employees joining the schemes. However, under half of employees have actually budgeted for any additional costs. Support for the auto-enrolment scheme is strong, with three-quarters of employers supporting it, but there were several calls for changes to the scheme. Employees with less than three months' service should not be automatically enrolled, say 75% of employers, and just under three-quarters say minimum pension contributions should ...