Pension reform will force employers to cut benefits

Speaking at a House of Commons work and pensions select committee hearing this morning, a number of employer organisations raised concerns about the level of costs for small and micro-businesses. British Chambers of Commerce (BCC) director general John Longworth said small businesses would find it "extraordinarily difficult" to meet the demands of auto-enrolment. He said: "To handle this will be extremely difficult for small businesses even if they can grasp the implications and deal with the bureaucracy, they will find it extraordinarily difficult to meet the demands and implement it...