Auto-enrolment (AE) requirements should be slashed in order to help businesses grow, a controversial report commissioned by the department for Business, Innovation and Skills has recommended.
The Report on Employment Law, in which senior Conservative Party donor Adrian Beecroft suggests ways of cutting red tape, said auto-enrolment will "reduce the number of jobs in the country by 60,000" at least by preventing small businesses from expanding. Business secretary Vince Cable (pictured) said BIS published the report to "dispell myths" associated with it, and has dismissed some of its recommendations as "complete nonsense". Beecroft, who owns venture capital firm Dawn Capital, recommended the government excludes businesses with fewer than five employees from AE with an amendm...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes