Advisers fear erosion of trust as govt delays pension reform

Small employers’ trust in the government is being eroded as a result of its delay to pension reform, advisers have said. In last week’s Autumn statement, Chancellor George Osborne announced small firms will have extra time to prepare for auto-enrolment reforms. Firms with fewer than 50 employees will not have to begin automatically enrolling staff into workplace pensions until 2015; one year later than under the previous timetable. All firms with between 51 and 3,000 employees, which are due to begin auto-enrolling after July 2013, will also have their staging dates reviewed. Any c...