David Cameron faced accusations during Prime Minister's questions today from a Conservative MP over the negative effect auto-enrolment into pensions will have on small businesses.
Following an announcement by pensions minister Steve Webb last week, from 2012 employers will be compelled to enrol all employees earning over £7,475 per year into an occupational pension scheme, or into NEST if there is no workplace scheme. Tory MP Sam Gyimah asked the Prime Minister how auto-enrolment would be implemented and said the scheme will be a burden to small businesses. Cameron gave his full support to auto-enrolment, and added it will be rolled out in stages to soften the blow to SMEs. Shadow pensions minister Rachel Reeves says: "I am disappointed backbench conservativ...
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