Govt to delay pension reform for small firms

In a widely anticipated move, the DWP has announced that firms with fewer than 50 employees will not have to begin automatically enrolling staff into workplace pensions until 2015. This is one year later than under the previous timetable. All firms with between 51 and 3,000 employees, which are due to begin auto-enroling after July 2013, will also have their staging dates reviewed. Any changes here will be confirmed in January. Pensions minister Steve Webb said no businesses will be exempt from reform, and after January's review, there will be no further changes to the timetable. ...